Brazilian authorities break up drug smuggling ring SANTIAGO, Dominican Republic – The Northern Division of the National Directorate for Drug Control (DNCD) arrested five, seized 195 kilograms (429 pounds) of cocaine and dismantled a drug trafficking syndicate that was based in the municipality of Jarabacoa in the province of La Vega. Officials confiscated 174 packages of cocaine, two firearms, ammunition, two SUVs, a dump truck, a motorcycle and US $1,362 during the raid, said Abel Rojas, a DNCD spokesman, the Dominican Republic website Hoy.com reported. Rojas, however, refused to divulge further details, including the names of the detainees, because law enforcement agents still are pursuing suspects connected to the ring. By Dialogo September 01, 2010 BOGOTÁ, Colombia – Police arrested two in connection with the recent seizure of 84 kilograms (184.8 pounds) of cocaine at the El Dorado Airport in the nation’s capital. Cesar Leonel Gómez Pineda and Edison Antonio Osuna Sánchez are suspected of placing the cocaine, which was packed in steel containers, in a hangar designated for cargo to be exported, which would have enabled it to be placed on any aircraft, police said, according to the Colombian daily El Espectador. Colombian authorities seize 84 kilograms of cocaine SÃO PAULO, Brazil – Police arrested two and seized three planes and five vehicles suspected of being used to traffic narcotics during an operation law enforcement officials said dismantled a drug gang. The raid in the city of Atibaia on Aug. 25 was aimed at ceasing operations of a gang that’s suspected of trafficking a ton of cocaine monthly in the state of São Paulo, officials said. “The heads of the group are now arrested, which will make it harder for the group to be reestablished and start distributing drugs again,” said Marco Antônio Pereira dos Santos, the director of the Department of Narcotics Investigations (DENARC), the Brazilian website G1.com reported. The cocaine is suspected of being smuggled into Brazil from neighbors Bolivia and Paraguay, Santos said. VERACRUZ, Mexico – Mexican soldiers killed at least six suspected members of drug gangs during recent gunfights close to where the 72 migrants were massacred last week, according to the military. The fights started earlier this week in the city of Pánuco, which borders northeastern Tamaulipas state, where there’s been an escalation in violence that’s included bombings and the slaying of a local mayor in the past week. The soldiers were attacked with fragmentation grenades and gunfire as they approached a house where gang members were thought to be living, according to a military statement. One soldier was killed, five others were injured, six suspects were apprehended and several weapons were confiscated, according to a statement by the military. Veracruz Gov. Fidel Herrera said it was “a rumor for now” that the Los Zetas, who are suspected in the slayings of 72 migrants, were involved in the gunfights in Pánuco, according to Agence France-Presse. Mexico: Soldiers kill six suspected drug gang members
Hull boss Steve Bruce will take scant consolation from the news that goalkeeper Allan McGregor has won his appeal against his sending-off in Wednesday’s Barclays Premier League defeat at West Ham. Press Association McGregor is set to be ruled out for the rest of the season with kidney damage following a clash with Mohamed Diame in the first half at Upton Park which also saw him red-carded by referee Mike Dean. The Football Association reversed the verdict late on Friday, saying in a statement: “Hull City’s Allan McGregor has had his claim for wrongful dismissal upheld following an independent regulatory commission hearing today. “McGregor was dismissed for denying a goal scoring opportunity during the game against West Ham United on 26 March 2014. “The player’s standard punishment, therefore, has been withdrawn with immediate effect.” But the decision will come too late for Bruce, who believes McGregor’s dismissal cost his side the chance of claiming the victory which he believes would have all but secured top-flight survival. Speaking at a press conference prior to the news of the successful appeal, Bruce admitted he has been left frustrated after a campaign he claims has been blighted by refereeing inconsistencies. “I will speak to (referees’ chief) Mike Riley again but I seem to have called him more this year than I have in my whole career,” he said. “It is happening on too many big occasions. It has cost us at Tottenham, Swansea and West Ham and that for me is far too many. “I know it’s a difficult job but we have to improve it and for me a bit of common sense has got to come back into it. “I think referees are put under too much pressure. They can’t seem to referee like they used to – with a bit of common sense – and that’s the disappointing thing for me.” Steve Harper will return to the starting line-up in place of McGregor, who is expected to remain in the high dependency unit of a London hospital for at least another four days. Bruce added: “I went to see Allan yesterday and the kid is still in a lot of pain. “Overnight the observations have been better but it certainly looks like he is going to miss the rest of the season. “Allan is as brave as they come but he has taken a horrible knock to his kidneys and badly damaged one of them. “We expect Allan to stay in the high dependency unit for another three or four days, then three or four more days in a normal ward.” Bruce has recalled Eldin Jakupovic from his loan spell at Leyton Orient and the Swiss is expected to understudy Harper at Stoke on Saturday.
For all the Latest Sports News News, Indian Premier League News, Download News Nation Android and iOS Mobile Apps. Robbie Uthappa and Nitish Rana joined hands at this stage and put up a wonderful partnership together. They added 110 runs together as Rana played the aggressor. He continued exactly from where he left off against the Sunrisers. With three fours and seven sixes in his innings, the 25-year-old amassed 63 runs in just 34 balls. After Varun Chakravarthy dismissed him, it was Andre Russell who walked into the middle.The Jamaican was cleaned up by Mohammed Shami when he was on 3. However, KXIP just had three fielders in the ring when this ball was bowled and thus it was declared a no-ball. Russell went berserk after this and made most of the opportunity. He scored 48 runs off just 17 balls before he was dismissed in the last over. Uthappa played the anchor in the innings and was unbeaten on 67 as KKR finished with a mammoth 218 runs on the board.In the chase, KXIP was jolted by the loss of KL Rahul early for just one run. After keeping the visitors briefly interested, Chris Gayle also fell victim to Andre Russell. He scored 20 runs off 13 balls before he failed to clear the in-field and got out. Sarfaraz Khan, who made quite an impact in the last match also failed in this game. He crawled his way to run-a-ball 13 before Russell got the better of him.Mayank Agarwal, David Miller built up a good partnership in between. It seemed they were going strong and subjected the hosts to slight pressure. However, the asking rate kept creeping up at regular intervals. Mayank Agarwal played beautifully and scored 58 runs off 34 balls. But the required rate got over his nerve and he was cleaned up by Piyush Chawla as he attempted to slog one over the deep mid-wicket fielder.Miller and Mandeep Singh hit some quick runs towards the end but the required run rate was already out of their reach by then. In the end, on what was a very good batting surface, KXIP could only get to 190 runs for the loss of 4 wickets and lost the match by 28 runs. New Delhi: Russell, Rana and Robbie – the ‘RRR’ troika, played sensationally well in the game to hand over the Knights with a 28-run victory at the iconic Eden Gardens. Kings XI Punjab toiled hard to get as close as possible to the target. Mayank, Mandeep, David – the ‘MMM’ troika tried, but try was just not enough. After winning the toss, Ravichandran Ashwin opted to bowl first as Eden Garden is quite a good venue for chasing. But KKR, playing at their home venue, put up a huge total on the board. The side lost the wicket of Chris Lynn early in the innings. Sunil Narine smashed 24 runs off Varun Chakravarthy’s first over in the IPL. The left-hander was dismissed soon after that by another debutant, Hardus Viljoen. highlights Kolkata tops the table after the win against Kings XI Punjab. Nitish Rana becomes the highest run scorer in the tournament. Mumbai Indians will be up against Royal Challengers Bangalore in the next IPL game.
Leo Makgamathe, Brand South Africa’s Programme Manager: Civil Society, and Archbishop Dr Thabo Makgoba, Anglican Archbishop of Cape Town, at the National Church Leader’s Consultation conferenceAt the recent National Church Leaders’ Consultation Programme, Brand South Africa’s Leo Makgamathe presented the organisation’s goals, highlighting church leaders’ roles in building a better country.Leo Makgamathe, Brand South Africa’s Programme Manager: Civil Society, recently addressed a group of South Africa’s religious leaders on the importance of active citizenship and creative collaboration.Makgamathe had been invited to present at the recent National Church Leaders’ Consultation Programme, put together by The National Religious Association for Social Development (NRASD). The programme was held on 15–16 October at the Southern Sun Hotel at O.R. Tambo International Airport.The religious leaders spent two days tackling issues facing South Africa; these included religion and public health; religion and education; economic and welfare policy; and gender violence and human rights.On day one of the programme, speakers included Dr Thabo Makgoba – Archbishop of Cape Town – Bishop Ziphozihle Siwa, Bishop Malusi Mpumlwana and Brand South Africa’s Leo Makgamathe.Makgamathe introduced his presentation by saying there were definite synergies between the various aspects of the National Church Leaders’ Consultation Programme and Brand South Africa’s aims.He pointed out that Brand South Africa sees engagement across all levels of leadership and society as key to its success and that, in essence, each and every South African is an ambassador for the country.He further explained Brand South Africa’s role in marketing the country and managing its brand reputation. He pointed out that building pride among South Africans is key and highlighted the importance of encouraging all citizens to be proactive in tackling, among others, poverty, job creation and economic development.The presentation also touched on the South African Competitiveness Forum, with Makgamathe saying: “Brand South Africa will be able to mobilise government, business and civil society to track a new trajectory for the country.”He also talked about the Play Your Part programme, a nationwide Brand South Africa campaign to inspire, empower and celebrate active citizenship “for the desired outcome of creating positive social change”.Makgamathe said that he sincerely believes that faith-based organisations have a role to play in changing the country’s narrative, to make the National Planning Commission’s Vision 2030 a reality.“People must be active citizens who have creative and noble ideas within their sphere of influence, and who are able to take action on these ideas.”He believes the church can play a leading role in dealing with the country’s challenges and says it is essential that “we get our story out there more positively”.“Faith leaders have a critical role in entrenching positive norms and values in society which are important in realising the NDP (National Development Plan). Entrenching these values is in line with the nation-building project.”He says Brand South Africa and the church leaders have much in common in terms of a vision of a brighter future for all South Africans.“Both faith leaders and Brand South Africa believe that active citizenship has a key role to play in nation-building and contributing to the realisation of the National Development Plan.”Makgamathe says he received much positive feedback at the dinner held after the formal presentations, with “the leaders keen to explore a partnership on promoting active citizenship amongst people living in South Africa”.He hopes that the Brand South Africa presentation will have positive long-term effects.“It’s part of the process of creating awareness of Brand South Africa among key stakeholders and engaging them in driving a social compact that will support the realisation of the NDP.”The following day included a discussion on the way forward and included a report from Archbishop Makgoba followed by a presentation on the National Development Plan for 2030 from Pascal Paul Moloi, a member of the National Planning Commission.
Share Facebook Twitter Google + LinkedIn Pinterest Unverferth Manufacturing Co., Inc. recently unveiled its next generation UHarvest Pro grain cart scale and data management system at the 2019 Farm Progress Show. Using its exclusive dedicated ISOBUS connectivity, the Unverferth UHarvest Pro system provides users with the most robust and reliable harvest data recording without the need for extra cables, displays or batteries.Developed in collaboration with Raven Industries, the UHarvest Pro system offers unrivaled connectivity to the grain cart. A Bluetooth connection built into the grain cart’s module seamlessly transfers data via cellular to any Android or IOS mobile device with the UHarvest Pro app. Users can connect to their free Slingshot account to automatically generate professional reports to send to their crop insurance adjuster, landlord, or other trusted partner. Users can also merge and edit the data to suit their business needs.The UHarvest Pro system can easily be set up to record data in grower, farm and field format. In addition, every unloading event can be recorded with truck identification, destination and variety information. Truck and destination capacities allow the operator to accurately load trucks and monitor bin levels at each destination to better manage their harvest. Accu-Save automatically records each unloading event by using a P.T.O.-mounted sensor for greatest accuracy.“Raven understands how important it is for precision technology to simply work,” said Brian Meyer, Vice President of Raven’s Applied Technology Division. “By partnering with Unverferth and utilizing our deep knowledge of ISOBUS technology, we’ve developed a product that is easy to connect and simple to use, allowing the user to focus on covering acres, not configuring cables and setting up multiple displays. This system also leverages the robust connectivity platform with Slingshot Services and Logistics to provide growers with meaningful and actionable data.”Additional features of the UHarvest Pro system include hitch weight monitoring to manage the cart for optimal handling and one-touch verification to calibrate combine yield monitors and create reports for historical viewing.Options include moisture-sense technology to automatically convert bushels harvested to dry bushels, and Accu-Load to dispense a pre-programmed weight into each truck for keeping loads within capacity.The UHarvest Pro system is available on all of the company’s grain cart brands as well as other cart brands equipped with scales. For complete information about the UHarvest Pro grain cart data system, growers can visit uharvest.net, or their nearest Brent, Killbros, Parker or Unverferth grain cart dealer. The UHarvest Pro system is a collaboration with Raven Industries Applied Technology Division.Unverferth Mfg. Co., Inc. is a world-class, family-owned manufacturer and marketer of tillage, seed-, hay- and grain-handling equipment, along with pull-type sprayers, fertilizer applicators and agricultural dual, triple and specialty wheel products.Raven Applied Technology is helping feed a growing population by delivering impactful technology that improves agricultural efficiency for custom applicators and growers around the world. From field computers to sprayer and planter controls, GPS guidance steering systems, wireless and logistics technology, Raven provides precision agriculture products and solutions designed to reduce operating costs and improve yields. Learn more at http://ravenprecision.com.
A Comprehensive Guide to a Content Audit Facebook changed the world by helping 350 million people publish their thoughts, feelings, comments, photos, videos and shared links much more easily than ever before. It’s the King of social networking.The network grew with a big promise of privacy at the center of what it offered: your information was by default visible only to people you approved as friends. In December that changed, in a fundamental way. We offer below a summary of the changes that were made and key highlights from the debate that’s raging around the world about privacy, public information and Facebook. Given the role that Facebook plays in so many of our lives, this is high-stakes stuff.What changed in December: Facebook users are no longer allowed to restrict access to their profile photos and the list of pages they have subscribed to updates from. The list of any Facebook user’s friends were made irrevocably public but after a very negative reaction from users, users were given a way to hide those lists from human view and leave them visible only to machine access. User updates (“What’s on your mind?”), shared photos, videos and links used to be private (visible only to approved friends) by default. If you’d never tweaked your privacy settings, then in December they were shifted by default to public (visible to the entire web) unless you decided when prompted to switch them back to private.Those aren’t simple changes to understand and there has been a lot of confusion about them. Many people do not like the way this is going. Here are some of the highlights of that debate.Facebook’s Arguments in Favor of a Shift Towards Public InformationIn July we asked Facebook executives point-blank on a press call about some of the initial changes in privacy settings: are you pushing people towards sharing more information publicly on the site. Two out of three of those we asked said yes, they were. Why? The answers have been inconsistent and not very compelling.Facebook Product Manager Leah Pearlman told us that making more user data publicly visible would help users identify which people were their friends when search results showed multiple people with the same name. Facebook Director of Communications Brandee Barker told us that more public information would help users connect with new people who share common interests. Chief Privacy Officer Chris Kelly told us the July changes weren’t about decreased privacy, but about increased control for users over their privacy.When December’s changes went down, we had a long conversation with Barry Schnitt, Director of Corporate Communications and Public Policy at Facebook. Schnitt told us that the shift towards more public information was big; just like “it was a big change in 2006 when Facebook became more than just people from colleges.” “Facebook is changing,” he said, “and so is the world changing and we are going to innovate to meet user requests.” Schnitt said it was clear the world was changing away from a focus on privacy and cited as evidence the rise in blogging, Twitter and MySpace, comments posted on newspaper websites and the popularity of Reality TV. Schnitt also acknowledged that page views and advertising were part of the motivation.Then in January Facebook founder and CEO Mark Zuckerberg said publicly that if he were to create Facebook today, the privacy settings would have been from the start just what they are today. He said that notions of privacy are evolving and that the company changed its policies to reflect that. He cited the rise of blogging as his evidence of that change.Finally, the company has said for some time that more public information will lead to greater familiarity, understanding and empathy between people: that a change towards a public Facebook is good for world peace. This actually might be the most compelling argument of all and it’s not that compelling because of the matter of user trust.The Arguments Against Facebook’s ChangeTwo years ago Facebook founder Mark Zuckerberg told us that Facebook users couldn’t be permitted to take their data from Facebook to other sites they wanted to use it on because privacy control “is the vector around which Facebook operates.” The company has changed its stance regarding privacy dramatically since then.Many people believe that Facebook is getting ready to file for an Initial Public Offering – to start selling stock in the company to the public. It’s widely suspected that this shift toward more public information is intended to increase website traffic and advertising: the more pages you can look at, unhindered by privacy settings, the more ads Facebook will be able to show you. The more ads Facebook can show you, the more its stock will be worth in the IPO.We’ve argued that the ways Facebook is justifying these shifts just aren’t believable. Last week we made these three arguments:Even if society is changing to move away from privacy – that doesn’t justify taking away the option to keep many things private. As Microsoft researcher danah boyd wrote this weekend: People still care about privacy because they care about control. Sure, many teens repeatedly tell me ‘public by default, private when necessary’ but this doesn’t suggest that privacy is declining; it suggests that publicity has value and, more importantly, that folks are very conscious about when something is private and want it to remain so. When the default is private, you have to think about making something public. When the default is public, you become very aware of privacy. And thus, I would suspect, people are more conscious of privacy now than ever.As Nick O’Neill wrote on his own blog AllFacebook: When Facebook decided that they would start making these decisions on behalf of users, they crossed the line. Facebook doesn’t need to update their system to ‘reflect what the current social norms are’. Instead, Facebook should give users complete control of their privacy and as a result, user settings in aggregate will effectively ‘reflect what the current social norms are’. Simplifying a system which gives users complete control of their privacy isn’t easy but the value of such a system is priceless and for Facebook it’s necessary.Privacy isn’t just about keeping things secret, it’s about respecting the context of communication and not pushing peoples’ communication out of the context it was intended for. Thus, the fact that “nothing is secret on the internet” is beside the point. As University of Massachusetts-Amherst Legal Studies student Chris Peterson writes in a research paper Saving Face: The Privacy Architecture of Facebook (PDF), people today feel their privacy has been violated if what they say to one group of people gets shared with another group in different circumstances. By pushing personal information out of the restricted access of “friends only” – that’s what Facebook is doing.There are many people who need to maintain control over their personal information, to restrict access to it to trusted friends, as a matter of personal safety. As online identity technical consultant Kaliya Hamlin wrote here last month, Facebook’s push away from privacy represents a violation of its contract with users. Scientists have been able to determine peoples’ sexual preferences by analyzing their friends lists. People with religious or political preferences that are unpopular where they live or work and people who are escaping abusive relationships used to be able to keep their private information (like interests in the form of Fan pages) between trusted friends on Facebook but can no longer.Here’s how danah boyd explained a similar argument:Power is critical in thinking through these issues. The privileged folks don’t have to worry so much about people who hold power over them observing them online. That’s the very definition of privilege. But most everyone else does. And forcing people into the public eye doesn’t dismantle the structures of privilege, the structures of power. What pisses me off is that it reinforces them. The privileged get more privileged, gaining from being exposed. And those struggling to keep their lives together are forced to create walls that are constantly torn down around them. The teacher, the abused woman, the poor kid living in the ghetto and trying to get out. How do we take them into consideration when we build systems that expose people?…People care deeply about privacy, especially those who are most at risk of the consequences of losing it. Let us not forget about them. It kills me when the bottom line justifies social oppression. Is that really what the social media industry is about?Finally, thinker and author Nick Carr weighed in this weekend as well with a withering article titled “Other Peoples’ Privacy.” He discussed both Facebook’s shift away from privacy and Google CEO Eric Schmidt’s recent statement that “If you have something that you don’t want anyone to know, maybe you shouldn’t be doing it in the first place.”Carr drives home the significance of these anti-privacy moves and statements by calling them a threat to human liberty. Reading through these wealthy, powerful people’s glib statements on privacy, one begins to suspect that what they’re really talking about is other people’s privacy, not their own. If you exist within a personal Green Zone of private jets, fenced off hideaways, and firewalls maintained by the country’s best law firms and PR agencies, it’s hardly a surprise that you’d eventually come to see privacy more as a privilege than a right. And if your company happens to make its money by mining personal data, well, that’s all the more reason to convince yourself that other people’s privacy may not be so important.There’s a deeper danger here. The continuing denigration of privacy may begin to warp our understanding of what “privacy” really means. As Bruce Schneier has written, privacy is not just a screen we hide behind when we do something naughty or embarrassing; privacy is ‘intrinsic to the concept of liberty’:For if we are observed in all matters, we are constantly under threat of correction, judgment, criticism, even plagiarism of our own uniqueness. We become children, fettered under watchful eyes, constantly fearful that – either now or in the uncertain future – patterns we leave behind will be brought back to implicate us, by whatever authority has now become focused upon our once-private and innocent acts. We lose our individuality, because everything we do is observable and recordable.Privacy is not only essential to life and liberty; it’s essential to the pursuit of happiness, in the broadest and deepest sense of that phrase. It’s essential, as Schneier implies, to the development of individuality, of unique personality. We human beings are not just social creatures; we’re also private creatures. What we don’t share is as important as what we do share. The way that we choose to define the boundary between our public self and our private self will vary greatly from person to person, which is exactly why it’s so important to be ever vigilant in defending everyone’s ability and power to set that boundary as he or she sees fit. Today, online services and databases play increasingly important roles in our public and our private lives – and in the way we choose to distinguish between them. Many of those services and databases are under corporate control, operated for profit by companies like Google and Facebook. If those companies can’t be trusted to respect and defend the privacy rights of their users, they should be spurned.Privacy is the skin of the self. Strip it away, and in no time desiccation sets in.Desiccation means to dry something out by removing the water from it; Carr argues that the removal of privacy from our lives would suck dry our liberty, our individuality.Those are the arguments being made. We don’t expect this debate to die down anytime soon. Facebook is Becoming Less Personal and More Pro… Guide to Performing Bulk Email Verification Related Posts Tags:#Analysis#NYT#social networks#web marshall kirkpatrick The Dos and Don’ts of Brand Awareness Videos
The Linux Foundation is also conducting a video contest. This year’s contest will commemorate the 20th anniversary of Linux. It will seek the best user-generated videos that celebrate Linux while demonstrating the impact of the operating system on computing, business and/or culture over the last 20 years and today.More information about the contest is available on the Linux Foundation Web site. Related Posts 3 Areas of Your Business that Need Tech Now Massive Non-Desk Workforce is an Opportunity fo… Tags:#enterprise#news Cognitive Automation is the Immediate Future of… IT + Project Management: A Love Affair Linux is celebrating its 20th anniversary. To commemorate, the Linux Foundation created an infographic that highlights events in the past 20-years from the open-source movement. its also launching a video contest that will be judged by Linux founder Linus Torvalds.Linux is arguably the best example of how open-source has attracted a worldwide developer community. It’s a group that has made perhaps the most significant contributions to the world’s technology infrastructure.Highlights from the timeline show how much has been achieved:1991: Linus Torvalds posts message: “Hello everyone out there,” and releases first Linix code.1993: Black Whale introduces first stand alone distribution.1994: Linus visits an aquarium, gets bit by a penguin and adopts the animal as the Linux mascot.1999: Red Hat goes pubic.2003: Torvalds appears on the cover of Business Week in story that says Linux is a business success.2007: Linux Foundation is formed to promote projects and standardize Linux.2010: Linux-based Android operating system becomes a huge success. 2011: Linux turns 20 and powers the world’s businesses, stock exchanges and supercomputers. alex williams A video from the Linux Foundation does a nice job explaining the history.
About the authorPaul VegasShare the loveHave your say Man Utd midfielder Angel Gomes expecting physical Rochdale testby Paul Vegasa month agoSend to a friendShare the loveManchester United midfielder Angel Gomes is expecting a physical test against Carabao Cup opponents Rochdale.The United youngster is set to be involved tonight.He told MUTV, “They’re a League One side, a tough team and physical but that’s part of the game anyway. Every team we play against will be physical, that’s a given, so I don’t really take that into consideration.”We’ll try to play our football and attack as much possible, trying to show our strengths.“They’ll come out all guns blazing, I would imagine. It’s a big game for them, they’ve not played against our club for a long time and they have an ex-United player in Oli Rathbone.”I grew up watching him as he was two or three age-groups above me. I know him quite well so hopefully he’ll play and I’ll be able to play against him.“
OTTAWA – The federal government’s financial adviser has raised the possibility of the Canada Pension Plan Investment Board becoming involved in the Trans Mountain pipeline project but there’s been no political pressure applied, CPPIB chief executive Mark Machin told a parliamentary committee Monday.The Toronto-based fund manager and its peers will likely take a look at the stalled Trans Mountain project because there are a limited number of investment opportunities of its magnitude, but CPPIB has yet to begin a formal analysis or receive any confidential information, Machin told Commons finance committee.His testimony came less than two weeks after the government announced it would buy the project for $4.5 billion from Kinder Morgan, to ensure the pipeline will be completed, with the intent of selling it at a profit in time.Machin insisted, in answer to a question by Conservative MP Pierre Poilievre, that there had been no contact between CPPIB and Finance Minister Bill Morneau or any other member of the Liberal government.But Machin said that CPPIB has been approached by Greenhill & Co., a small investment bank that has been hired to advise the government on selling the Trans Mountain project.“I believe they’ve approached every — a lot of — funds domestically and internationally,” Machin said.“At this stage, we haven’t done any analysis. We’re still evaluating the situation. Obviously, we have an obligation to investigate and to assess any major investment opportunity that comes along. And to fully understand all of the risks, all of the potential returns and understand the fit for our portfolio as well.”The issue of political pressure is relevant because the CPPIB was set up in the late 1990s to be an independent manager of funds on behalf of the Canada Pension Plan, an employer and employee-funded retirement system.As of March 31, when CPPIB’s financial year ended, it managed a fund with $356.1 billion in net assets, up from $316.7 billion at the end of fiscal 2017 and $278.9 billion at the end of fiscal 2016.Morneau has predicted the Trudeau government will have no difficulty selling the Trans Mountain pipeline expansion project after uncertainty about its future is resolved.The federal government’s hand was forced by B.C. Premier John Horgan, who is waging a court battle over the federally regulated pipeline, which would carry diluted bitumen from Alberta’s oilsands to a sea port near Vancouver.Machin told the finance committee that the Canada Pension Plan Investment Board has a mixed track record with pipelines and will use its usual approach when deciding whether to put money into Trans Mountain.In general, he said, a major factor to consider is regulatory risks — pointing out that CPPIB and its co-investors in a European pipeline were caught by surprise when the Norwegian government made a significant change in the tariff regime — or pricing structure — shortly after the deal closed.“We’ve been in legal proceedings for a number of years now,” Machin said.“That is part of the regulatory risk. It’s a really critical part of due diligence to understand regulatory risk for any infrastructure investment.”The federal government decided to buy Trans Mountain after Houston-based Kinder Morgan threatened to walk away from the pipeline expansion due to political uncertainty, particularly because Horgan’s New Democrat government said it will do everything in its legal power to stop the pipeline because of unresolved environmental concerns.Machin told the committee that the CPPIB hasn’t made a formal evaluation of Trans Mountain “purely because it’s at an early stage and we haven’t got any confidential information, or any information, to assess the situation yet.”The Ontario Teachers Pension Plan — another of Canada’s independent retirement fund managers — indicated last week that it had a financial obligation to take a look at the potential of Trans Mountain.— by David Paddon in Toronto
Varanasi (UP): Prime Minister Narendra Modi Friday claimed that “non-cooperation” by the previous Samajwadi Party government in Uttar Pradesh was responsible for the delay in start of a beautification project in his Lok Sabha constituency. He was addressing a gathering here after laying the foundation stone for the Kashi Vishwanath Temple’s approach road and its beautification. “In the first three years there was non-cooperation of the state government. The developmental projects here picked pace after you (people of Uttar Pradesh) made Yogi Adityanath the chief minister,” he said. “Had there been cooperation earlier, we would have launched the project instead of laying the foundation,” Modi said. Attacking previous governments, the prime minister said, “In the past 70 years no government thought of Baba (Lord Shiva) and were silent. They took care of themselves but not of this place.” Noting that it was his “pleasure” to have initiated the work at Kashi Vishwanath, he said, “I have dreamt for a long time to work for this place. When I was not in politics I came here several times and used to think that something should happen here.” “Bhole Baba ney tai kiya hoga baatein bahut karte ho yahan aao kuch karke dikhao,” (Lord Shiva must have decided that you talk much, so now you should come here and do something),” he said, adding that due to the blessings the fulfillment of his dream has started. After offering prayers at Kashi Vishwanath Temple, he said that he was blessed to be associated with the project of Kashi Vishwanath Dham. About the beautification project, Modi said this is “mukti (freedom) for Kashi Vishwanath Dham” which was surrounded with encroachment. He said the Kashi Vishwanath Temple has survived the vicissitudes of centuries and praised Queen Ahiyabai Holkar for her work on the shrine over two centuries ago. He said not much thought had been given by those in power to the area around the temple. “For the first time, we acquired nearby buildings, removed encroachments after which 40 ancient temples came to the fore. Many of them were encroached, kitchens were set up and people were living there,” he said. Modi said the entire temple complex is now in the process of rejuvenation and the results are becoming visible, with a direct link being established between the Ganga river and Kashi Vishwanath temple. He said this project will become a model for similar projects elsewhere and give a new global identity to Kashi. The prime minister not only complimented the officers involved with the project for performing their task with devotion, but also thanked all the people who had property around the temple and allowed its acquisition for the project. It was difficult to take people into confidence to give their properties and ensure the project does not take political colour, he said. “I thank people of Kashi, who gave their properties for Baba. This is the biggest ‘daan’ they have given for Baba,” the prime minister said. “I have seen a lot of government employees as I was CM for a long time. But I want to say with pride that the team of officers deployed here by Yogi ji is doing work with ‘Bhakti’ (devotion) and ‘sewa bhav’,” Modi said. Stating that the Kashi Vishwanath temple was “targeted by enemies”, he said they tried to destroy it but it again took “rebirth due to the faith” of people. “When Gandhiji came here, he was pained why is this place is like this. In his address in the BHU, he expressed his thoughts,” Modi said, suggesting the university should make a case study of the project so that when it is completed the world can know how it happened. “We will also try to trace the history of the 40 temples discovered here and the government will also take care of them,” the PM said, adding the project will be a model for “protection and preservation” of temples and a combination of modern technology with ancient faith. “It will give new identity to Kashi in the world. Maybe it’s in my fate. In 2014, when I came here I said ‘mai aaya nahi mujhe bulaya hai’ (I did not come here on my own, I was summoned). Maybe I came here for this work,” he said. Earlier, the prime minister visited the Kashi Vishwanath temple and also inspected the project site. During his brief stay in his constituency, Modi attended the National Women Livelihood Meet 2019 at Deendayal Hastkala Sankul and distributed appreciation letters to five Women Self Help Groups, whose members shared their experiences with the prime minister. Women SHGs aided by Deendayal Antyodaya Yojana – NRLM, Uttar Pradesh handed over a cheque to the prime minister for contribution to the ‘Bharat Ke Veer’ Fund. Addressing a gathering at National Women Livelihood Meet, Modi said he could carry out development projects now that “middleman and corruption have been abolished and every penny is spent on people”. “Now there are no middleman and corruption. Modi did not have to take anything for himself. If he takes, what will he do…125 crore people of the country are my family. Keep trusting me,” he said. Listing the schemes launched by his government for women, Modi said these were playing an important role in the making of a new India.