About the authorCarlos VolcanoShare the loveHave your say Mazzarri adamant Torino deserved two spotkicks for Juventus defeatby Carlos Volcano10 months agoSend to a friendShare the loveTorino coach Walter Mazzarri is adamant they didn’t deserve defeat to Juventus.The Derby della Mole was decided by a Cristiano Ronaldo penalty when Mario Mandzukic pounced on Simone Zaza’s poor back-pass.However, when it was still 0-0, Toro had two of their own appeals waved away.“I have to compliment my lads, because they put in a strong performance and played on a par with a tank like Juventus,” Mazzarri told DAZN.“In these cases, the incidents ultimately make the difference. We lost Salvatore Sirigu to injury early on, but Ichazo did well too. It’s a pity to have missed out on a point that we would’ve deserved.“You can take something from Juve only if they underestimate you, but they rested Giorgio Chiellini in the Champions League midweek, which shows how much they were thinking about this derby.“An unfortunate incident proved decisive. Perhaps there could’ve been a penalty or two in our favour, we certainly got that impression… In other games, VAR went back to look at this sort of situation.“Belotti was jumping to head the ball, which is his specialty, and he has a good chance of scoring if he connects with it cleanly. If you are pushed when mid-air, in my view that is a clear penalty.“People say we complain, but since the last time there was a meeting about VAR, they have generally gone to check on incidents. Belotti and Zaza appealed and asked for it to be viewed on VAR.”
zoom Japan’s energy company JERA has entered into a memorandum of understanding (MoU) with South Korean natural gas company Korea Gas Corporation (KOGAS) and China-based operator of LNG terminals and pipeline networks Cnooc Gas and Power Trading and Marketing Limited (CNOOC) to cooperate in the LNG business. Under the MOU, the parties intend to discuss joint procurement of LNG, joint participation in upstream projects, and cooperation related to LNG shipping and storage.“LNG demand fluctuates widely depending on economic conditions and energy policy in each country. JERA believes that in order to cope with such fluctuation it is essential to develop the business environment through means such as accommodation schemes between buyers,” JERA said.JERA added it expects the MOU to provide a platform for sharing views on issues related to traditional LNG business practices such as destination restrictions. The firm said it will help find ways to gain even greater flexibility in procurement.Commenting on the newly signed MOU, Lee Seung-hoon, President of KOGAS, said that the firms from Korea, China and Japan are now expected to play a more active role in the LNG market.
Peyton Manning, Stevie Nicks, Sebastian Junger and Seema Reza – along with nearly 30 Medal of Honor recipients – were honored last week for their contributions to the military community at the USO of Metropolitan Washington-Baltimore’s 33rd Annual Awards Dinner.Video: Peyton Manning, Stevie Nicks and Others Shine at USO of Metro of Washington-Baltimore’s DinnerTo read more, click here.
APTN National NewsResidents in Canada’s two most northern cities pay the highest rent rates in Canada.That’s from a new report from the Canada Mortgage and Housing Corporation.So just how much are people there paying?APTN National News reporter Curtis Mandeville went to find out.
TORONTO – A policy think tank says Canada’s 100 highest paid CEOs have already earned more than the average Canadian worker will make for all of this year.The 11th annual report on CEO compensation by the Canadian Centre for Policy Alternatives says the average CEO will have earned nearly $50,000 by 10:57 a.m. ET Tuesday, down from mid-afternoon when it first started studying the issue.Its latest report titled “Climbing up and Kicking Down” says the country’s top CEOs now make, on average, $10.4-million a year, or 209 times the average income of $49,738.That’s up from 193 times more in 2015.The report suggests that while the idea of a $15 per hour minimum wage has faced debate across Canada, rising CEO wages have gone largely unchecked.It concludes it isn’t likely that any one measure will curtail the overall growth in CEO compensation and decrease the record-high income gap between Canada’s top executives and the average worker.But it says Ottawa could consider more comprehensive amendments to the Income Tax Act and more broadly eliminate the tax preference that encourages companies to pay their executives in stock and stock derivatives rather than regular dollars.
NEW YORK, N.Y. – Three of America’s biggest banks reported higher profits Friday, with a huge assist from the tax law passed late last year.JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations.Banks are expected to be major beneficiaries of the tax overhaul, which sharply lowered corporate tax rates. Comparing each of the effective tax rates from last year to this year, the three Wall Street banks that reported earnings Friday appeared to have saved roughly $1.6 billion altogether.The first-quarter earnings season will give investors and the public their first good look into how President Trump’s tax law is impacting Corporate America. Publicly traded banks are the first major industry to report their results each quarter.Net income at JPMorgan Chase, the nation’s largest bank by assets and deposits, rose 35 per cent to $8.71 billion. The result was primarily driven by two factors: higher interest rates, which have allowed banks such as JPMorgan to charge more for customers to borrow, and the lower corporate tax rate.However, JPMorgan had to set aside more money to cover bad loans in its consumer bank, where delinquencies have been steadily edging higher. JPMorgan shares fell 2.7 per cent, while shares of Wells Fargo slipped 3.4 per cent and Citigroup shares dropped 1.6 per cent.While JPMorgan’s pretax income rose by $2 billion in the quarter, the company said it effectively paid $240 million less in taxes compared to a year earlier. The bank paid an effective tax rate of 18.3 per cent in the quarter, compared with a rate of 22.7 per cent a year earlier. Before the changes to tax law, JPMorgan’s effective tax rate averaged in the high 20-per cent range.JPMorgan Chief Executive Officer Jamie Dimon has been a big promoter of the tax overhaul, saying it would be good for businesses as well as average Americans. Soon after President Donald Trump signed the law into place, the bank announced higher salaries for most of its retail bank employees, and said it would open branches in a handful of new markets. It also announced an expansion of small business lending.“The global economy continues to do well, and we remain optimistic about the positive impact of tax reform in the U.S. as business sentiment remains upbeat, and consumers benefit from job and wage growth,” Dimon in a statement.Other bank executives were just as optimistic when speaking about the tax law’s impact. Citigroup Chief Financial Officer John Gerspach told reporters Friday that businesses had only begun taking advantage of the changes.“I think the best is yet to come,” he said.Rising interest rates helped JPMorgan Chase and Citigroup, but not Wells Fargo, which continues to struggle under the weight of several scandals and investigations. Wells disclosed as part of its earnings that they may have to pay as much as $1 billion to federal regulators to settle investigations being conducted by financial regulatory agencies.The Federal Reserve has been steadily raising interest rates for more than two years. Net interest income at JPMorgan was $13.3 billion, up 10 per cent from a year earlier. At Citigroup, net interest revenues were $16.33 billion, up 12 per cent from a year earlier. Wells Fargo reported a slight decline in interest income.JPMorgan’s investment bank also had a solid quarter, helped by much more volatile and active markets last quarter. Net income in the investment bank was $3.97 billion, up from $3.24 billion a year earlier.There were some concerns about JPMorgan’s credit quality, however. The bank had to set aside more money to cover potentially bad loans, and the bank’s total charge-off rate — the percentage of loans it expects are not likely to be repaid — climbed to 1.20 per cent of all loans. That compares to 1.07 per cent of loans in the second quarter of 2017.Citi also had to add to its loan-loss reserves, and reported an 8 per cent increase in its total credit losses in the quarter.JPMorgan’s quarterly revenue was $28.52 billion, up from $25.85 billion. On a per-share basis, JPMorgan earned $2.37 a share, up from $1.65 per share, beating analysts’ forecasts.Citigroup reported a profit of $4.62 billion, or $1.68 a share, compared with a profit of $4.09 billion, or $1.35 per share, in the same period a year earlier. The results beat analysts’ forecasts for earnings of $1.61 a share, according to FactSet. It was the largest quarterly profit that Citi has reported since 2015.Wells reported first-quarter earnings of $5.9 billion, or $1.12 per share, topping Wall Street’s per-share expectations by 6 cents, according to a FactSet survey, That profit exceeds last year’s $5.46 billion, or $1.03 per share, in profit.Wells paid $1.37 billion in taxes in the first quarter, about 36 per cent less than the $2.13 billion it paid last year.___Ken Sweet covers banks and the Consumer Financial Protection Bureau for The Associated Press. Follow him on Twitter at @kensweet.
Kolkata: The Kolkata Municipal Corporation (KMC) recently enhanced the rate of its ambulance services. The rate of the service that wasRs 150 has now been raised to Rs 200. The revised rates has been made effective from April 1 after the decision of increasing the same was taken during the 2019-20 budget. The ambulance services of the civic body is restricted under the jurisdiction of the KMC that spans over 144 wards. However, the movement of ambulance beyond KMC’s jurisdiction for transporting a sick person to a hospital or nursing home is allowed with the special permission from the Mayor or Member Mayor -in- Council (Health). Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaThe charge for ambulances going beyond KMC’s jurisdictional area has also been raised. The previous charge was Rs 8 per kilometre which has now been raised to Rs 10. It may be mentioned that KMC’s ambulance service caters to a large number of people in the city as the charges offered in private is much higher in comparison to that of KMC. The last financial year has witnessed a steep rise in the quantum of revenue earned by the Ambulance section of the civic body. There was a time before 2011 when ambulance service earned a paltry revenue of Rs 50000. It went up to more than Rs 4 lakh per annum in the last fiscal. Also Read – Bengal civic volunteer dies in road mishap on national highwayAccording a senior official in KMC’s health department there are seven ambulance centres in the city that is maintained by them. The head office located at Central Avenue near Mohammad Ali Park has eight vehicles. The other centres at Jadavpur, Garden Reach, Ekbalpore, Metiaburj, Garia and Behala have one service each. There are seven such ambulances that are lying defunct and work will soon be taken up for their repair. In June last year, the KMC had introduced three hearses. “The use of matadors for carrying dead bodies for last rites has possibilities of infection. This air conditioned hearses has been of immense help . The service is available at an affordable rate of Rs 200 for two hours and an additional Rs 50 per hour extra. The hearses are stationed at the existing office of KMC ambulance service adjacent to Mohammad Ali Park on Central Avenue. People can call at the number 2219-7202 for availing the hearse facility.
Shimla: Within a week after three-time Hamirpur MP joining the Congress, it was BJP’s turn to give a jolt to the Congress at Rampur – the home town of six-time Chief Minister Virbhadra Singh.Former Congress minister and Dalit leader Singhi Ram, an estranged loyalist of Virbhadra Singh, joined the BJP in presence of Chief Minister Jai Ram Thakur, who was campaigning at Rampur. Virbhadra reacted to ridicule him, saying “How does it make any difference on Singhi Ram joining BJP? He has no base there.” Also Read – J&K won’t remain UT forever, says ShahRampur is part of Mandi Parliamentary constituency, which more or less had been voting block for the Congress in most Lok Sabha elections. Singhi Ram had represented Rampur for six times before he was denied ticket at the behest of Virbhadra Singh in 2007 assembly polls. In 2017 poll, Singhi Ram has contested Rampur assembly constituency as independent but lost to his Congress successor Nand Lal, who is Virbhadra Singh’s staunch lieutenant.
Mumbai: Actress Patralekhaa, who features in the upcoming film “Badnaam Gali” alongside Divyendu Sharma, says the dull phase in her career has taught her not to live on someone’s mercy and only sign up for films she is convinced with. Patralekhaa of “Citylights” fame told IANS: “One of the most important lessons that I have learnt from the tough phase of my career is that if I am not convinced, I won’t play the character. I think for a performer, for an actor, conviction is one of the most important elements and if I am not fully convinced, it shows in my performance. Also Read – ‘Terminator: Dark Fate’ has James Cameron’s fingerprints all over it: Arnold Schwarzenegger “So from now on, everything I will do, I will do it with conviction. Also I have stopped taking nonsense from people because we actors are here by choice and we cannot be on anybody’s mercy… No one should make us feel insecure or vulnerable just because an artiste has a sensitive mind.” Releasing on the OTT platform ZEE5 on Friday, the film “Badnaam Gali” tells the story of a young surrogate mother named Noyonika Ganguly, played by Patralekhaa. Also Read – Salman pays tribute to Vinod Khanna on ‘Dabangg 3’ wrap up The film was shot in Delhi. “We shot in summer. The temperature was around 42 degrees and I was wearing that prosthetic belly as you know I have played a pregnant girl. It was physically exhausting under that heat. I was sweating all over and I was getting tired, but everything was worth it when we saw the end result,” she said. Asked about how the story of a surrogate mother has become acceptable for the audience, she said: “The good thing is that time is changing. An unmarried pregnant girl is always a taboo in the society and that is why earlier when actresses like Preity Zinta did that film ‘Kya Kehna’, it was an example. “Now it is great to see that the audience is receptive towards these kind of stories. That is how actors like us are getting chances to work on good stories. I always choose my films as an audience because I am the first audience of my film. “Though it is a story told in a lighter manner, it raises some important questions. She is a surrogate mother, an independent girl with a very unapologetic attitude and how society treats her… Digital platforms really have given us the opportunity to some of these progressive stories.” After “Badnaam Gali”, Patralekhaa has another film in her kitty. It is directed by Pradeep Sarkar, and the actress says it is quite dark and different. “We have room for versatility too,” she said. Starting her career in Bollywood with the film “CityLights”, Patralekhaa has also appeared in the web series “Bose: Dead/Alive”. She has been through few years of struggle to get good film offers, though critics always praised her performance. While she has an inclination towards playing a strong woman on-screen, she knows that as an actor, she shouldn’t say that “I only want to play such character.” “Yes, my character should have a strong opinion, but she could be vulnerable too. I think that is the intriguing point for me that I look for in every good script,” added Patralekhaa.
CAIRO- Locked in a crackdown on the Muslim Brotherhood since president Mohamed Morsi’s ouster, Egypt has launched a diplomatic offensive against the movement’s foreign backers armed with funds from its old foes.In their first salvo soon after Morsi was toppled, the military-installed rulers took aim at Qatar — the only Gulf monarchy that openly supported the Brotherhood — by closing the Egyptian channel of Al-Jazeera television.The authorities also detained some journalists working in Cairo for the Doha-based network. In addition, officials said Cairo was willing to return to Qatar funds given to Egypt during the Morsi presidency.But the main confrontation for the new authorities is a diplomatic one that has developed with Turkey.On Sunday, Cairo expelled Ankara’s ambassador after Turkish Prime Minister Recep Tayyip Erdogan condemned the repression of Morsi’s supporters.The tussle began soon after Egyptian security forces broke up two camps of Morsi supporters on August 14 in Cairo, in what was the bloodiest episode in Egypt’s modern history.A day later both Cairo and Ankara recalled their respective ambassadors, but while Ankara later sent its envoy back to Egypt, Cairo’s ambassador to Turkey stayed at home.On Sunday, the two countries went a step further by reducing their diplomatic ties to the level of charges d’affaires.Karim Bitar, a Paris-based analyst, said the row stems from “increasing Egyptian nationalism and bitter regional setbacks for Turkey, including in Syria, which has seen it lose influence” in the region.‘Coup accepted in name of realism’For Shadi Hamid, research director at the Brookings Doha Center, “Egypt’s ruling military leaders are clearly not tolerating any backing to the Muslim Brotherhood, either inside the country or outside.”“Gulf countries like Saudi Arabia, Kuwait and the UAE have provided billions in aid to Egypt which is giving it the degree of latitude” in its diplomatic tactics which has even seen Cairo returning part of Qatari funds, he said.Saudi Arabia and Kuwait announced they would give $9 billion to Egypt just days after Morsi’s ouster on July 3.They even promised to make up for any shortage of military assistance Cairo normally gets from the United States.In October, Washington suspended its annual $1.3 billion military aid to Cairo amid repeated criticisms of Egypt’s deadly crackdown on Islamists.US officials, however, have refused to term Morsi’s ouster as a “coup.”The United Arab Emirates, which strongly backs Egypt’s new rulers, also announced it would provide Cairo with $4.9 billion.Hamid, the Brookings analyst, said Cairo’s public position on the United States or Europe was purely “rhetoric”, with both Washington and Brussels “unwilling to push for any confrontation with Egypt.”“They don’t have that political will,” he said.Bitar said many countries had already accepted what has happened in Egypt.“Most other countries, apart from traditional supporters of the Muslim Brotherhood like Turkey and Qatar, have taken note of the new Egyptian situation and acknowledged the coup in the name of realism and due to their basic hostility towards political Islam,” he said.Washington too is slowly stepping back from its earlier stance, with US Secretary of State John Kerry recently accusing the Brotherhood of “stealing the revolution” of 2011 that ousted long-time ruler Hosni Mubarak.For Bitar the real challenge to Egypt is not any diplomatic isolation but the gradual loss of funds from abroad as “some Gulf countries have warned that the economic aid given to Egypt was emergency assistance and not intended to be a steady financial backing.”“Going forward, the challenges for Egypt will probably be more economic rather than making the legitimacy of the new authorities acceptable internationally.”Cairo University professor Mustafa Kamel al-Sayyed said it was this that made him feel diplomatic tensions with Ankara were only “temporary.”Sayyed said Cairo was unlikely to aggravate ties with Qatar “where hundreds of thousands of Egyptians are working as expatriates because ultimately it could be those employees who pay the price.”