Amashova named UCI World Cycling Tour qualifier

first_img4 July 2014The Tsogo Sun Amashova Durban Classic road cycle race, which takes place between Pietermaritzburg to Durban, was on Thursday named the new South African qualifying event for the 2015 UCI World Cycling Tour (UWCT).It takes place on 12 October and replaces the Msunduzi Road Challenge as the only African qualifier for the UCI Amateur Road World Championships.The UWCT is known as the amateur World Championships qualifying series, and consists of 15 qualifying events all over the world.From those events, the top 25 percent of finishers in each of the Masters’ age groups qualify to participate in the Amateur Road World Championships, where the champions receive the coveted rainbow-striped jersey.2012 UWCT FinalIn 2012, Pietermaritzburg and its surrounds hosted the UWCT Final, when the Msunzduzi Challenge served as the race to determine world champions. A number of South Africans claimed the prestigious rainbow-striped jerseys.Lynette Burger, who retired from professional cycling in 2011, won gold in the individual time trial and the road race in the 30 to 34 age category. Further road race gold medals were won by Pauline Cound (women 50 – 54), Anette Loubscher (women 40-44), and Gary Beneke (men 50 – 54).Tsogo Sun Amashova Durban ClassicThe 106km Tsogo Sun Amashova Durban Classic, which begins at the City Hall in Pietermaritzburg and finishes at the Suncoast Casino and Entertainment World on Durban’s Golden Mile, is KwaZulu-Natal’s premier cycling race and has been in existence since 1986.Last year, a total of 11 000 cyclists took part in the event.For those cyclists looking for something a little shorter, a 65km half challenge, from Cato Ridge to Durban, is available, while there is an even shorter 35km route from Hillcrest to Durban.‘An adrenaline rush for all’“With the decision to add exciting new events to our line up, cyclists and spectators can expect to see a variety of riders crossing the finish, which always creates an adrenaline rush for all,” race organiser Annie Batchelder said in a statement on Thursday.“For the more serious riders, there’s the criterium, and for the kids a fun ride, which is set to commence along the newly completed Snell Parade to Durban’s Blue Lagoon and back. This way, with so much on offer, we have pedalling good fun for everyone.”SAinfo reporterlast_img read more

Dairy Producers Previously enrolled in the Livestock Gross Margin Program now eligible for 2018 MPP

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The U.S. Department of Agriculture (USDA) announced that dairy producers who elected to participate in the Livestock Gross Margin for Dairy Cattle Program (LGM-Dairy) now have the opportunity to participate in the Margin Protection Program for Dairy (MPP-Dairy) for 2018 coverage. Sign-up will take place March 25 through May 10, 2019.Producers enrolled in 2018 LGM-Dairy, administered by USDA’s Risk Management Agency (RMA), previously were determined by the 2014 Farm Bill to be ineligible for coverage under MPP-Dairy, a safety net program available through USDA’s Farm Service Agency (FSA).“The 2018 Farm Bill included substantial changes to USDA dairy programs,” said FSA Administrator Richard Fordyce. “This includes the ability for producers with LGM coverage to retroactively enroll in MPP-Dairy for 2018. It also integrated recent improvements to the MPP-Dairy in the new Dairy Margin Coverage program, beginning with the 2019 calendar year.”The MPP-Dairy program offers protection to dairy producers when the difference between the national all-milk price and the national average feed cost — the margin — falls below a certain dollar amount selected by the producers in a dairy operation. LGM-Dairy is an insurance product that provides protection when feed costs rise or milk prices drop. The gross margin is the market value of milk minus feed costs.This retroactive sign-up is only for dairy producers with 2018 LGM coverage who produced and commercially marketed milk in 2018 but did not obtain full year MPP-Dairy coverage. FSA will notify eligible producers by postcard and provide a one-time payment for all of the months in 2018 that had margins triggering MPP-Dairy assistance.“I’m pleased that dairy producers will now be able to take advantage of enrolling in both Livestock Gross Margin and the Margin Protection Program for 2018 coverage,” said Martin Barbre, RMA Administrator. “The 2018 Farm Bill gave dairy producers more options like these and when combined with the new Dairy Protection Program offered by RMA, that means more overall coverage for dairy producers.”Eligible producers can enroll during the sign-up period at their local USDA service center.last_img read more

7 days agoEx-Real Betis star Denilson admits concerns for Barcelona whiz Ansu Fati

first_imgEx-Real Betis star Denilson admits concerns for Barcelona whiz Ansu Fatiby Carlos Volcano7 days agoSend to a friendShare the loveFormer Real Betis star Denilson admits he has concerns for Barcelona whiz Ansu Fati.At 16, Fati’s Barca breakthrough has been the big LaLiga story this season.But Denilson told AS: “I’m afraid they’ll spoil him too much and forget that he’s still a boy. “Going fast is never good, do not burn the steps. He is a good player, but after his great debut, the hard times will come. And then, we will see how this situation will be managed and how he and his entourage will behave. It’s not easy at his age. “Sincerely, we must be careful.” About the authorCarlos VolcanoShare the loveHave your saylast_img read more

Canadian banks wrap up solid quarter with TD bank beating expectations

Filed under: tqioargt — Tags: , , , , — admin @ 4:29 am October 13, 2019

first_imgTORONTO – Canada’s biggest banks wrapped up another solid quarter of better-than-expected results, shrugging off hefty writedowns and worries about the domestic housing market with robust growth beyond the country’s borders.TD, the last of the big banks to report its results, said Thursday it earned $2.353 billion for the period ended Jan. 31, marking a seven per cent drop from the same period in 2017.But after adjusting for one-time items, TD Bank reported adjusted diluted earnings of $2.946 billion or $1.56 per share, a 15 per cent jump from the previous year, beating expectations.Collectively, the five biggest banks including Royal Bank of Canada, TD Bank, Bank of Montreal, Scotiabank and the Canadian Imperial Bank of Commerce, earned more than $10-billion for the three-month period. That marks a 4.4 per cent drop from roughly $10.46 billion in the first quarter of 2017.Earnings for lenders with a U.S. footprint this quarter were hit by one-time charges to adjust for a major U.S. corporate tax cut, which took effect Jan. 1.Yet, Canada’s largest financial institutions still exceeded analyst estimates, fuelled by their international operations.On an adjusted basis to remove one-time items such as the tax charge, Canada’s biggest lenders earned roughly $11.3 billion, up approximately 12.59 per cent from a year ago“You’re really seeing nice contribution coming from outside of Canada,” said Shannon Stemm, an analyst with Edward Jones, based in St. Louis.Scotiabank, which has focused its international expansion efforts on Latin America, reported net income of $667 million from its international banking division, marking a 16 per cent year-on-year increase.TD, one of the 10 biggest banks in the U.S., on Thursday reported a 19 per cent increase in net income to $952 million from its retail banking arm south of the border.BMO’s U.S. personal and commercial banking division reported net income of $310 million, up 24 per cent from a year earlier. Meanwhile CIBC, which purchased Chicago-based PrivateBancorp last summer, reported $134 million in profits, up roughly 362 per cent from the first quarter in 2017.RBC posted double-digit growth in their wealth management and capital markets divisions, helped by the U.S. corporate tax cut. Los Angeles-based City National, acquired by RBC in 2015, contributed US$114 million in net income in the latest quarter, more than double compared to a year ago.Meanwhile, in Canada, amid heightened worries over new, stricter underwriting rules for mortgages, the banks’ domestic businesses remained strong.TD’s domestic earnings were $1.76 billion in the first quarter, up 12 per cent from a year earlier. The other four lenders posted year-over-year first-quarter profit growth in their Canadian businesses ranging between nine and 19 per cent.The banks’ mortgage portfolios this quarter saw little impact from the federal financial regulator’s new underwriting rules for uninsured mortgages, as of Jan. 1.Under the new rules, would-be homebuyers with a downpayment of 20 per cent or larger must prove they can make their mortgage payments if interest rates rise. In general, the banks signalled it was too early to tell what impact these rules have had thus far, expect the additional requirements to pose a headwind in the quarters to come.“The Canadian operations remain solid,” said John Aiken, an analyst with Barclays in Toronto. “We’ve got steady cash and capital generation from that. But we’re starting to see signs that the strong run may be starting to ease.”The banks reaped the benefits of a strong Canadian economy in 2017.But the projected bump from President Donald Trump’s tax reforms are expected to help compensate the banks with even bigger future profits south of the border due to tax savings and increased economic activity.Scotiabank doesn’t have a significant retail banking presence in the U.S., but its chief executive Brian Porter said this week he is optimistic that the markets of Peru, Chile, Colombia and Mexico will still experience positive knock-on effects.RBC said this week it is expecting a benefit of roughly $250 million annually, while TD said it is anticipating a full-year benefit of US$225 million.“The macro environment in Canada and the U.S. remains supportive and developments over the past quarter have provided us with additional upside,” TD chief executive Bharat Masrani said on a conference call discussing its results.“While there are risks on the horizon, if these positive conditions persist, adjusted earnings growth for the full year may exceed our medium-term targets.”One such risk that does cloud the outlook is the potential dismantling of the North American Free Trade Agreement, as the latest round of strained talks commenced this week.RBC chief executive David McKay said this week that concern over the trade deal is weighing on its commercial customers’ longer term investment decisions.Companies in this story: (TSX:RY, TSX:BMO, TSX:BNS, TSX:TD, TSX:CM)last_img read more

National chain backs down in dispute over name of NS barber shop

first_imgHALIFAX – A national chain of men’s barber shops is backing down in its dispute with an independent operator in Nova Scotia.Tommy Gun’s Original Barbershop says it “sincerely apologizes” for a cease-and-desist letter sent to Thong Luong, the owner of Tommy’s Barber Shop in north-end Dartmouth.Luong says he received the letter alleging trademark infringement earlier this month, but that he had no intention of complying.He says he received offers from three lawyers to take his case pro bono, and a Nova Scotia cabinet minister also spoke out on his behalf.Service Nova Scotia Minister Geoff MacLellan told reporters he didn’t see how the name of a small barber shop could confuse customers or depreciate the national chain’s brand.Tommy Gun’s backed down Thursday evening through a statement posted on Twitter, wishing Luong “every success in the future.”“Now that we have all of the relevant information, we do not intend to pursue this matter any further,” the chain’s statement read.“Mr. Luong is well within his legal rights to use his name for his barbershop.”Luong, a father of three who immigrated to Canada from Vietnam as a teenager in 1984, said earlier Thursday that he was “proud” of his shop.“Every time my kids go shopping with me, and they see someone call me ‘Hi Tommy’ they’re so proud and they said ‘Dad, everybody like you. I never see a person who don’t like you.’”MacLellan said there are no issues as far as the province is concerned — Tommy’s Barber Shop is registered with Nova Scotia’s Registry of Joint Stocks and is “completely compliant.”The minister said he understands the “reputable” national chain — which has two shops in the Halifax area — might feel it needs to keep its brand equity strong.But he thinks there is room for both businesses, and he hoped they can work things out.“What Tommy Gun’s offers in terms of the consistency of the layout, the products, the services, it’s very different than what you would see at an independent barber,” said MacLellan.After finishing high school, Luong said he worked 90 hours a week, washing dishes and fixing jewelry until he opened his own barbershop in 2003, six years before Tommy Gun’s Original Barbershop registered its trademark.Luong said T.G. Corporate Holdings Limited initially gave him until May 22 to change his business name and register a new name with the government.— With files from Fadila Chater and Keith Doucettelast_img read more

Amazon emerges as most valuable US firm amid market turmoil

first_imgSAN FRANCISCO — Amazon has eclipsed Microsoft as the most valuable publicly traded company in the U.S. as a see-sawing stock market continues to reshuffle corporate America’s pecking order.The shift occurred Monday after Amazon’s shares rose 3 per cent to close at $1,629.51 and lifted the e-commerce leader’s market value to $797 billion. Meanwhile, Microsoft’s stock edged up by less than 1 per cent to finish at $102.06, leaving the computer software maker’s value at $784 billion.The Associated Presslast_img read more

KVIC created over 20L new jobs in last 5 years Chairman

Filed under: gwralrbo — Tags: , , , , , , — admin @ 10:18 am October 12, 2019

first_imgNew Delhi: The Khadi and Village Industries Commission has created over 20 lakh new jobs in the last five fiscals under the ambitious Prime Minister Employment Generation Programme (PMEGP), the commission’s top official has said. KVIC chairman Vinai Kumar Saxena said the Commission has always achieved more than 100 per cent success rate in execution of the PMEGP. He said that prior to 2014-15, the achievement rate was never over the stipulated target. But in the last five fiscals, due to the push given by Prime Minister Narendra Modi, to digital India, the KVIC succeeded in surpassing the targets. Also Read – Uddhav bats for ‘Sena CM'”Incredible it may sound, amid much debate about job crisis in the nation, the Khadi and Village Industries Commission, leading from the front, has created 20,63,152 new jobs and set up 2,67,226 new projects under its ambitious Prime Minister Employment Generation Programme (PMEGP) in the last five fiscals, i.e. between 2014-15 to 2018-19,” Saxena told PTI. In 2018-19, the KVIC, the nodal agency of PMEGP, had been given a target of setting up 70,386 new PMEGP projects disbursing margin money of Rs 1,968.80 crore for creating 5,62,351 employments, he said. “Surprisingly, the KVIC achieved 105.05 percent success in this process as it had set up 73,408 new projects, disbursing margin money of Rs 2068.31 crore and creating 5,87,264 new employments,” He said. “Surpassing the target, however, is not a new phenomenon for KVIC in the last five financial year. Barring 2015-16, it has always achieved more than 100 percent success in execution of PMEGP,” He said. Also Read – Farooq demands unconditional release of all detainees in J&KWhile in the 2014-15 the achievement percent was 102.70 per cent, it was 118.29 and 112.17 per cent in 2016-17 and 2017-18 respectively. “Success in PMEGP is manifestation of Prime Minister Narendra Modi’s vision of Digital India. The KVIC as the nodal agency of the PMEGP scheme, had taken various steps of digitalisation to increase organisational capacity to meet the various requirements towards implementation of this scheme. “Earlier PMEGP was implemented off-line. But from July 1 2016, KVIC launched online portal. The software used for digitalisation of PMEGP was developed in-house by the IT team of the KVIC, saving approximately Rs 20 crore of the government exchequers as some external agency could have charged this for it,” Saxena said. He said The online portal has brought transparency and expedited disbursement of margin money subsidy under the PMEGP. “The KVIC has introduced online submission of application by the prospective beneficiaries and the payment of Margin Money subsidy is directly made into the beneficiary account through Direct Benefit Transfer (DBT). With the digitalization of the whole process, not only the applicants can now track the status of their applications at any point of time, it had also taken out even the minor chance for middlemen to bluff the applicants,” he said.last_img read more

Podcast Deflategate And We Pick An NBA DraftFix Winner

Hot Takedown Welcome to this week’s episode of Hot Takedown, our podcast where the hot sports takes of the week meet the numbers that prove them right or tear them down. On this week’s show (May 13, 2015), we look at the fallout from the NFL’s investigation into the deflation of balls during last year’s AFC Championship game, which led to the suspension of Tom Brady and the loss of two draft picks for the New England Patriots. We’ll reveal the final results of our crowdsourcing project to fix the NBA lottery and stop tanking in the league. And we’ll discuss our significant digit of the week, which covers mental health and college athletes.Stream the episode by clicking the play button, or subscribe using one of the podcast clients we’ve linked to above.Below are some links to what we discuss in this week’s show:The FiveThirtyEight staff dissects the Deflategate report.Benjamin Morris looks at what would have happened if Tom Brady had missed four games every year.Why the loss of draft picks hurts the Patriots more than the loss of Brady.Our fix-the-NBA-draft crowdsource project: Original Form | First Update | Weird Ideas | Finalists.Significant Digit: Suicide is the third leading cause of death among college athletes. Read Kate Fagan’s ESPN The Magazine article on Madison Holleran here. Embed Code More: Apple Podcasts | ESPN App | RSS | Embed If you’re a fan of our podcasts, be sure to subscribe on Apple Podcasts and leave a rating/review. That helps spread the word to other listeners. And get in touch by email, on Twitter or in the comments. Tell us what you think, send us hot takes to discuss and tell us why we’re wrong. read more