MONTREAL – The U.S. Department of Commerce has proposed a 219 per cent duty on Bombardier’s CSeries jets following a complaint filed by Boeing.Here’s some of the reaction:“This is clearly aimed at eliminating Bombardier’s C Series aircraft from the U.S. market.” — Foreign Affairs Minister Chrystia Freeland.———”The U.S. values its relationships with Canada, but even our closest allies must play by the rules.” — U.S. Commerce Secretary Wilbur Ross.———“The magnitude of the proposed duty is absurd and divorced from the reality about the financing of multibillion-dollar aircraft programs.” — Bombardier statement.———“Boeing has no American-made product to offer because it cancelled production of its only aircraft in this size range — the 717 — more than 10 years ago.” — Delta Air Lines statement.———“Subsidies enabled Bombardier to dump its product into the U.S. market, harming aerospace workers in the United States and throughout Boeing’s global supply chain.” — Boeing statement.
WASHINGTON – Most American families grew richer between 2013 and 2016, but the wealthiest households pulled even further ahead, worsening the nation’s massive disparities in wealth and income.The median net worth of all American families rose 16 per cent last year from 2013 to $97,300, according to a Federal Reserve survey released Wednesday. The median is the point where half of families fall below and half above. That’s the first gain for middle class households since the recession upended the economy nearly a decade ago.The figures echo data released earlier this month from the Census Bureau, which also showed middle-class incomes rising. Since 2015, the economic recovery’s benefits have been spread broadly, to nearly all income levels and racial and ethnic groups. But those gains arrived after the first five years of the recovery, when higher-earning households reaped most of the benefits. A low and falling unemployment rate has helped push up pay, while rising home prices have restored some wealth to middle income families.Even with the improvement, the Fed’s report, known as the Survey of Consumer Finances , starkly illustrates the depth of the nation’s wealth and income gaps. The disparities exist along lines of income, race and ethnicity, and between cities and rural dwellers.“You’re seeing a continuing pulling apart in the wealth and income data,” said Elise Gould, senior economist at the Economic Policy Institute.It also points to why so many Americans remain frustrated with the economy: On many measures, most families still haven’t fully recovered from the 2008-2009 downturn. In fact, the median measures for wealth and income still trail their 2001 levels.Lael Brainard, a Fed policymaker, raised concerns in a speech Tuesday that long-running inequalities may hobble U.S. economic growth. Greater concentrations of wealth and income could slow consumer spending, which accounts for about two-thirds of economic activity, because richer households typically save a larger proportion of a pay raise or other income gain than middle- and lower-income ones do.The Fed’s survey found that even as median net worth climbed 16 per cent, average net worth rose more quickly, by 26 per cent to $692,100. Those differences between the median and average figures mostly reflect stronger gains at the top of the income scale. Net worth includes the value of housing, stocks, mutual funds and other savings minus mortgages and other debts.Black and Hispanic families reported large wealth gains, but wealth gaps along racial lines barely narrowed. Median wealth for an African-American family was $17,600 last year, up 29 per cent from 2013. That’s a much bigger gain than the 17 per cent increase for whites.Yet median wealth for white families last year was $171,000, ten times that for blacks and roughly eight times that for Latinos.Median wealth for the richest 10 per cent of all families jumped 40 per cent in the past three years to $1.63 million.The 1 per cent richest families now hold nearly 39 per cent of U.S. wealth, up from 36.3 per cent in 2013, the Fed said. The bottom 90 per cent of families now own just 22.8 per cent of the nation’s wealth, down from 33.2 per cent in 1989.Similar patterns appear in the report’s section on incomes. Latino families reported a 15 per cent gain in median income to $38,500, while median income for African-Americans rose 10 per cent to $35,400. Median incomes for whites rose only 6 per cent, but were still much higher at $61,200.One reason more families are finally regaining some wealth is that home prices have risen steadily since 2012. Average housing wealth — the value of a home, minus mortgages and other debt — rose 20 per cent last year from 2016. That followed a slight drop in home values in the previous three years.Meanwhile, for those Americans who own stocks, the average value of their portfolios increased 23.4 per cent from 2013 to 2016. That followed an 18.2 per cent increase in the preceding three years, when average home values were falling.For the 10 per cent richest Americans, the average value of their stock holdings jumped nearly 37 per cent to $1.37 million.The Fed also broke down their measures by where families live. For families living in cities, median income increased 10 per cent, while those outside cities saw an increase of just 2 per cent.___Follow Chris Rugaber on Twitter at http://Twitter.com/ChrisRugaber
CALGARY, A.B. – Enbridge Inc. has signed a deal to sell its natural gas distribution business in New Brunswick to Algonquin Power and Utilities Corp. for $331 million in cash.Enbridge Gas New Brunswick operates and maintains more than 1,200 km of natural gas distribution pipeline in 12 communities in New Brunswick with 12,000 customers.The company says employees, customers, partners and suppliers can expect no change to the day-to-day operations as it works to complete the deal. Algonquin says it plans to maintain local employment and the existing operating and management structure.The sale is subject to regulatory approvals and other customary closing conditions.It is expected to close in 2019.(THE CANADIAN PRESS)
Kolkata: Concluding a long run of 88 years, Mitra Cinema of Hati Bagan in North Kolkata downed its shutters after the owners failed to bear the huge loss incurred while running it.With the closure of the single-screen hall, several memories associated with Barua-Kanan Devi, Chabi Biswas-Sandhyarani or Uttam Suchitra come to an end. The last show at the hall was screened on April 1. Dipendra Mitra, the proprietor of the hall, said he was unable to run the place because of his ill health. The century-old building is in need of immediate repair and firefighting and other modern equipments need to be installed as well. A rumour is making rounds that a high-rise building will come up at the prime location. However, Mitra refused to divulge anything regarding the same. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaMitra Cinema was opened in 1963 and has been screening Bengali and Hindi movies since then. Rajatava Mitra remembers when as a college student he saw Deya Neya, a legendary Uttam Kumar starrer which also featured Tanuja, Chaya Devi, Kamal Mitra, Pahari Sanyal and Tarun Kumar, at Mitra Cinema in 1963. “We had to stand in a long queue to get a ticket for the opening show. It was a marvelous experience,” he said. In the past few years, several cinema halls that used to screen Bengali movies have downed their shutters. Purna, Bharati and Ujjala, three famous cinema halls in South Kolkata, have closed down. Alochaya, a cinema hall in Beliaghata has been pulled down to make room for a high-rise complex. In Central Kolkata, Elite, Roxy and Chaplin have been closed, while Metro Cinema has been converted into a shopping mall.
Ghaziabad: In a tragic incident, two youths were killed when a speeding Mahindra pickup truck rammed into their car from behind at elevated road in Indirapuram area of Ghaziabad on early Thursday morning. Cops said that the truck driver was arrested later in the evening as he fled the spot, leaving the truck behind, fromthe spot. According to police, the incident occurred around 5 am at Hindon elevated road when the duo of victims were travelling from Raj Nagar extension to Delhi. The deceased were identified as Akshay (24), a resident of Shalimar garden in Sahibabad area of Ghaziabad and Karan (22), resident of Laxmi Nagar in delhi. Also Read – After eight years, businessman arrested for kidnap & murder”The information was conveyed around 5:15 am by a passerby who reported the incident to police. A police team immediately rushed to the spot and took the victims to max hospital in Indirapuram where both the victims succumbed to injuries while getting treatment. Both the victims received severe head injuries in the incident” said Sandeep Kumar Singh, Station House officer of Indirapuram police station. The officer further said that the truck driver was later arrested from Indirapuram area in the evening while a case under relevant sections Also Read – Two brothers held for snatchingsof IPC has been registered against him. “Following the incident, police registered a case under sections 279 (punishment for Rash driving), 304A (causing death by negligence) and 427 (mischief causing damage to the amount of fifty rupees) of Indian Penal Code. Police have seized the truck while the accused driver will be produced before the court and will be sent to the jail” added Singh. Police said that the accused driver has been identified as Pramod kumar (28), a native of Gonda district of Uttar Pradesh. Kumar was moving towards Ghazipur area in delhi when the incident took place. Meanwhile, deceased Akshay’s uncle Pradeep Maheshwari told Millennium Post that Akshay had went to a his friend’s place in Raj Nagar area to attend a party. “Akshay’s father had also expired in a road accident around three years ago while his mother was looking after the family and was working at a private company in Noida. In February he had undergone a tuberculosis surgery and got discharged from the hospital after getting treatment. We are saddened with his demise and want strict actions to be initiated against the accused” said Maheshwari.
OSU redshirt senior Johnni DiJulius competes in a match against Nebraska on Jan. 17.Credit: Courtesy of OSUThe last dual meet of the season has arrived for the Ohio State wrestling team, and all eyes will be on how the Buckeyes handle their last opponent on the regular-season schedule.No. 10 OSU (9-3, 6-2) returns to Columbus after a three-week stint of away meets, where it is set to face Wisconsin (2-6, 1-4) on Friday at 7 p.m. After a grueling and taxing matchup with No. 1 Penn State last Friday, which resulted in a 24-14 loss, the Buckeyes will be looking to end on a high note against the Badgers. The two teams did not meet last year during the season, but Wisconsin picked up the victory in their last bout with OSU. The all-time series has the Badgers ahead 29-19-1.Despite the Badgers’ rough 2015-16 campaign, OSU coach Tom Ryan said he has the utmost respect for the program.Not only does this match mark the last regular-season dual meet of the year for the Buckeyes, but also the final time nine seniors will share that experience.Although the team will be back in Columbus to host a National Wrestling Coaches Association National Duals Championships Series match, the outgoing seniors will be honored against Wisconsin for their careers at OSU.Notable seniors who will be honored are Kenny Courts, Mark Martin, Hunter Stieber and Johnni DiJulius.“Obviously it means a lot but it’s more like a shocker,” DiJulius said. “I’m in disbelief because I’m a senior. When I was a freshman watching senior night, I thought to myself I had all the time in the world, but it goes by so quick.”Courts, Stieber and DiJulius all began their journey as freshman in 2011, and will get to round out their careers together on the mat. Ryan isn’t as worried about the box score for his outgoing wrestlers against Wisconsin as much as his is about the Buckeyes giving it their all. “In any sport, we get so caught up in winning and losing, and that can be so stifling,” Ryan said. “You do not control winning and losing. You control effort.”Effort has been a point of emphasis for Ryan and the team for years.There is a strong sense of respect held by the OSU coaching staff and wrestlers toward a program like Wisconsin’s. “(Wisconsin) is a fully funded Big Ten team, with great tradition there,” Ryan said. “They’ve got a great head coach in Barry (Davis). He was an Olympian.”Wisconsin brings in two ranked wrestlers with No. 7 Ryan Taylor at 133 pounds and No. 3 Isaac Jordan at 165 pounds. The match at 165 pounds will be watched for more than just a bout between two wrestlers with the top five nationally. It will also be watched for the family matchup. Redshirt sophomore Bo Jordan will be facing his cousin from Wisconsin at 165. The two met last season in the Big Ten championships, where Isaac Jordan earned a 3-2 victory. “The big one is at (165 pounds),” Ryan said. “Not only are they ranked two and three in the country, but they’re first cousins. That adds an element you don’t want to seep into it.” Ryan was referring to the extra emotional implication of a match between family. He also cited that in order for Bo Jordan to succeed, he must focus solely on wrestling, and not who he stares down before the opening whistle.DiJulius will be facing the other ranked opponent on Wisconsin’s roster in Taylor. He said he wants to use a quality opponent like Taylor to correct some wrongs from this season.“I just want to make sure I’m wrestling the way I want to wrestle at the national tournament,” DiJulius said. “This season I haven’t done a great job at winning the third period and scoring enough points in the third.”Wisconsin nearly emerged with an upset in its previous match against now-No. 18 Minnesota but dropped the dual meet 17-16. Against Wisconsin, all the starters from the team are expected to make an appearance. “We will have a full lineup against Wisconsin for the first time (this season),” Ryan said.Big venues aheadThe settings for the Big Ten and NCAA championships will be memorable environments, as the Buckeyes are slated to travel to Carver-Hawkeye Arena and Madison Square Garden, respectively. After the rowdy, sold-out Bryce Jordan Center in its previous match, Ryan said OSU feels prepared for crowds that will flock to Iowa City, Iowa, and New York City.“The environment is going to be every bit as crazy as it was at Penn State,” Ryan said.Carver-Hawkeye Arena holds more than 15,000 people, while Madison Square Garden holds over 18,000.After WisconsinAt the conclusion of the next match, OSU will get ready to play host to an NCWA National Duals match. The pairing will be announced on Sunday, as well as the time.
Losing out on a big-name signing at the very last moment can be an infuriating experience for anyone, but Roma boss Eusebio Di Francesco is clearly above any such feelings and insists that he bears no grudge towards MalcomThe Brazilian winger appeared destined to go to the Italian capital this week after a €36m transfer fee had been agreed on between Bordeaux and Roma for his signature.But instead of showing up at Rome airport, Malcom was later announced as a Barcelona player after the La Liga giants had hi-jacked Roma’s move for the 21-year-old by offering Bordeaux a much bigger selling price.Malcom later defended his actions by insisting that he could not turn a “dream” move to a club like Barcelona and Di Francesco has no hard feelings towards him.Quiz: How much do you know about David Villa? Boro Tanchev – September 14, 2019 Time to test your knowledge about Spanish legendary forward David Villa.“You’d have to ask Monchi [sporting director] about it,” said the Italian, according to the Express.“I’m not bitter, I’m sorry for how things went but if someone is to arrive then an even stronger player will come.”This summer has also Roma lose their first-choice goalkeeper Alisson to Liverpool with Belgian midfielder Radja Nainggolan having signed for Serie A rivals Inter Milan.Roma lost 4-1 to Tottenham on Thursday morning in San Diego after Patrick Schick’s early opener was cancelled out by braces from Lucas Moura and Fernando Llorente.
AC Milan boss Gennaro Gattuso believes Gonzalo Higuain has ended a barren run of goals in their 2-1 win over SPAL something he attributed to a mental block.The visitors took an early lead via Andrea Petagna before Gattuso’s men rescued the game thanks to Samu Castillejo and Higuain who completed the comeback.“I liked the team’s performance a great deal, both technically and tactically. I liked the mentality of the side, that knew how to suffer,” the Coach told Football Italia.“We could’ve killed it off earlier and must continue to improve. We’ve had to deal with all sorts of things this year. Now we go to Doha without Suso for the Italian Super Cup, one of our most important players, but I don’t want any alibis.Serie A Betting: Match-day 3 Stuart Heath – September 14, 2019 Considering there is a number of perfect starts so early in the Serie A season, as well as a few surprisingly not-so perfect ones….“We had two big games in December that we didn’t make the most of, but we’ve just got to lick our wounds and keep going.”Perhaps even more important than the victory was Higuain breaking his two-month goal drought.“He lives for the goal, has always been a marksman and therefore really struggled to deal with this negative period. The defeat to Juventus, with the penalty and red card, was a terrible blow for him.“Higuain needs to rediscover that consistency and precision in his finishing, because he has always had those elements. We’ve missed him and hope this has also broken through that mental block.”
Barcelona defender Jeison Murillo will be suspended for the first leg of the Copa Del Rey tie against Sevilla, according to Barca Blaugranes.The Colombia defender, who joined Barcelona on loan from Valencia this month, will miss the Sevilla tie due to suspension.The Spanish Football Federation confirmed on Friday that Murillo would miss out due to an accumulation of yellow cards.The 26-year-old picked up yellow cards in both legs of Barca’s last 16 tie against Levante, he also picked up a booking for Valencia in their 2-1 win over the Ebro in October.La Liga Betting: Match-day 4 Stuart Heath – September 14, 2019 Despite it being very early into La Liga season, both Barcelona and Real Madrid have had unprecedented starts to their campaigns. With this in…The news is a blow to the Catalan club, who are still without Samuel Umtiti due to injury, although Thomas Vermaelen has returned to training.Barcelona manager Ernesto Valverde could turn to young players for the game, but given the first leg is at the Ramón Sánchez Pizjuán, it’s likely Gerard Pique and Clement Lenglet will start at the heart of defence.
The scope of the damage is not yet fully realized due to active fire suppression efforts. However, substantial damage to private homes, public facilities, and communications and utility lines are anticipated. The wildfires have damaged or destroyed an estimated 83 structures, resulted in mandatory evacuation of approximately 400 residents, and caused intermittent travel delays along the Sterling and Parks Highways and for rail traffic along the Alaska Railroad, according to the declaration. Residents and affected business owners will be notified of how and where they can apply for assistance in the upcoming days. Governor Dunleavy: “In a short amount of time, these wildfires have already cost dozens of Alaskan families everything they own. Many homes, personal belongings, and businesses are completely gone, and the disruption brought to their lives is unimaginable. This declaration frees up financial assistance to help the victims of these devastating fires begin to rebuild their lives as quickly as possible.” Facebook0TwitterEmailPrintFriendly分享Governor Mike Dunleavy on Friday issued a Disaster Declaration for the Matanuska Susitna Borough and Kenai Peninsula Borough for impacts from the McKinley, Deshka Landing, and Swan Lake wildfires. The response to the wildfires has been hampered by conditions affecting the entire southcentral portion of the state, such as drought and record dry fuels, strong winds, and low humidity.
Jet Airways is reportedly in talks with Etihad Airways to raise funds as the airline looks to offload its huge debt burden.If the deal goes through, Etihad stake in the Naresh Goyal-promoted airline will go up to 49% from 24%. Etihad had bought 24% stake in Jet Airways in 2013 for $332 million.Jet Airways is looking to raise $300-400 million via convertible bonds in the current deal, sources familiar with the matter told The Economic Times.Both the parties are in negotiations on the valuations and the deal may be finalised by 31 March 2016, according to a source. The conversion of bonds could happen during 2018-19 period.Sources said the airline will utilise the funds raised from the stake sale to trim its debt, apart from using a part of it in expanding operations. Jet Airways has a debt of $1.7 billion or Rs 11,000 crore.However, an expert said that the deal could face troubles in getting approval due to the “sensitivity” of the aviation sector even as the foreign direct investment (FDI) in the sector is permitted up to 49%.Etihad also encountered some regulatory issues in Europe in the past when it attempted to raise stake in other carriers, according to an aviation industry expert.In a surprising move, Jet Airways’ Chief Executive Cramer Ball resigned last month, which the airline had said was due to “family reasons”. Ball was appointed CEO of the airline at the request of its partner Etihad Airways.Under Ball’s management, Jet Airways was able to turn profitable in the April-June quarter last year. The turnaround was also driven by falling jet fuel prices.Jet Airways earns over 55% of its overall revenues from the international routes as it faces less competition in the segment.But with the entry of new carriers Vistara and AirAsia, the domestic aviation landscape has undergone a sea change, resulting in increased competition to Jet Airways.Share prices of Jet Airways traded over 2% higher at Rs 754 on the Bombay Stock Exchange (BSE) on Wednesday and even as the benchmark indices remained almost flat.
Share In July 1979, Tropical Storm Claudette caused significant flooding in southeast Texas. In Friendswood, Mike Babin’s house received 18 inches of water, forcing Babin to make serious renovations. During the process, he scrawled a note on some exposed sheetrock, wishing the future residents well in case the same misfortune fell upon them. He covered the note with a 1 x 6-inch piece of white pine, and forgot about it, until Jennifer Hunt (the current owner) found it while volunteers were mucking and gutting the house after it received 38 inches of water due to Harvey. Hunt and Babin met for the first time and shared stories.Full text of the note: “Mike Babin and his wife Donna and dog Munchkin were wiped out by Hurricane Claudette in July 1979, suffering 18 inches of water. They worked hard and long to restore this house. In the long future ahead, whoever may find this little note, best of wishes on the long hours you may find yourself trying to restore it. If you are anything like they are, you will find yourself goofing off and getting frustrated the rest of the time. To the best of interest, happy remodeling.”
The District of Columbia public school year began on Aug. 21 with what seemed to be good news. However, test scores still show that Black students are still significantly behind their White counterparts.The results of the Partnership for Assessment of Readiness for College and Careers (PARCC) taken by District students earlier this year shows gains across almost all grade levels and subject areas for the second year in a row. This news was trumpeted by D.C. Mayor Muriel Bowser (D) when she spoke at Watkins Elementary School’s modernization opening on Aug.17.D.C. Public Schools Chancellor Antwan Wilson, D.C. Mayor Muriel Bowser, D.C. Deputy Mayor of Education Jennifer Niles, State Superintendent of Education Hanseul Kang, and the Director of the D.C. Public Charter School Board Scott Pearson recently announced D.C. students’ standardized test scores increased year over year. (Courtesy photo)“Students in our public schools continue to make noteworthy gains on PARCC, with a greater number of students each year demonstrating the problem-solving and critical thinking skills needed to be successful in college, their careers and life,” the mayor said. “This year’s results show that we are moving in the right direction and that we must continue to make critical investments in the people, programs, and initiatives that are accelerating education reform and helping all of our students succeed.”Bowser was joined by D.C. Deputy Mayor of Education Jennifer Niles, State Superintendent of Education Hanseul Kang, D.C. Schools Chancellor Antwan Wilson and Scott Pearson, the director of the DC Public Charter School Board.The mayor noted that there were score increases in every ward and credited the professional development programs and changes in the curriculum that have occurred over the past few years. English Language Arts (ELA) and math scores overall increased four and two percent, respectively. Black students increased their ELA scores by 2.7 percent and math at 1.2 percent.Despite the gains, African Americans still lag behind Whites, who had increases of 7.7 percent in ELA and 4.5 percent in math. In summary, 22 percent of Blacks showed proficiency in ELA compared with 82 percent of Whites while in math, African Americans 18.6 percent showed proficiency while Whites posted 75.7 percent.D.C. Schools Chancellor Antwan Wilson, who attended the Watkins event with Bowser, said “We must do more to increase the scores of Black students.”Bowser agreed with Wilson, saying that “we are now focused on closing gaps.”Rising test scores wasn’t the only positive news. Wilson noted that the schools were nearly ready in terms of personnel. “We have hired 20 principals and 16 of those are new,” he said. “We are 99 percent staffed for our 115 schools.”The District’s public school system has 115 schools, about 50,000 students and 4,350 educational professionals that include principals and teachers and their aides. In addition to Watkins, the District government has modernized the famed Duke Ellington School for the Arts.On Aug. 18, Bowser said that District school children will be eligible to ride Metrobus and Metrorail free during the school year because of the Kids Ride Free program. The mayor championed the program when she was a Ward 4 D.C. Council member and a member of the WMATA board and has been an advocate of it since.
Kolkata: With Bengal standing fourth in the country in terms of listing of companies in BSE SME platform, the Mamata Banerjee government has signed a Memorandum of Understanding (MoU) with Bombay Stock Exchange (BSE), to create awareness among Micro, Small and Medium Enterprises (MSME) entrepreneurs in the state, about benefits of Initial Public Offer (IPO) listing.It may be mentioned that till now, 18 companies from Bengal have been listed. The number is expected to go up by another 10 to 15 in the next six months. Also Read – Rain batters Kolkata, cripples normal lifeWith the 18 companies, Bengal stands as the fourth ranking state in the country to get companies listed to BSE, after Gujarat, Maharashtra and Delhi.Moreover, two companies from Bengal have gone to the main board from the SME platform.In the State MSME Conclave, the MoU was signed with an aim to spread awareness among MSME entrepreneurs about the benefits of listing. As per the MoU, the state Micro, Small and Medium Enterprises and Textiles department, in collaboration with chambers of commerce and industries, business associations and BSE, will take up hand-holding workshops and seminars to create awareness. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedApart from getting listed to the SME platform, there will be further encouragement in tapping domestic capital markets to leverage alternative options for access to capital for expansion and growth and gain visibility at the national level. BSE will provide intellectual and manpower support in such awareness programmes.Understanding the importance of MSME enterprises for the growth of the country’s economy, BSE had launched the SME platform in March 2012 and at present, BSE SME is having a market share of 70 percent. Ajay Thakur, Head of the BSE SME platform, said: “The awareness about the benefits of listing on SME exchange is less. There has been a myth that only large companies can get listed. Bengal being the largest hub of SMEs, will benefit immensely because of this MoU, which will facilitate the SMEs of the state in coming on BSE SME Platform and raise funds, which will further help them in unlocking their value, help in marketing and brand building. This will also help in creating strong balance sheets and increasing transparency in the company.”At the same time, there are around 6 companies in the SME platform of National Stock Exchange (NSE), which have also had an MoU with the Bengal government on Tuesday. The number of companies to get listed to the SME platform of NSE is also expected to increase in the next few months.