Report shows oilsands emissions over cap by 2030 unless GHG intensity falls

first_imgCALGARY – Canada’s oilsands production could grow to the point that its emissions exceed the Alberta government’s cap of 100 million tonnes per year by 2030, according to a forecast from the Canadian Energy Research Institute released Monday.On-site emissions from oilsands producers would grow from about 72 million tonnes in 2017 to 103 million tonnes in 2030 under a reference case scenario based on current company plans and technologies, it said.But Dinara Millington, vice-president of research for CERI, said the industry can grow without exceeding the cap if it continues to improve as it has in recent years.“If we take the historical decline in emissions per barrel from in-situ, mining and upgrading projects and if we were to apply these declines to the future production, then we can see that the emissions cap will not be reached,” she said in an interview.“For the industry to be able to achieve that, they will need to continuously improve their emission intensity every year.”Emissions produced per barrel from Canadian Natural Resources Ltd.’s Horizon oilsands mine are five per cent higher than the global oil average, executive vice-chairman Steve Laut said on a conference call last week. But he added the company has “a defined pathway” to take it below the average over the next several years.CERI’s reference case scenario envisions oilsands production rising from 2.8 million barrels per day in 2017 to 3.2 million bpd by 2020 and 4.09 million bpd in 2030.That’s down from CERI’s forecast a year ago that showed oilsands output rising to 3.4 million bpd by 2020 and 4.76 million bpd by 2030.“A bunch of project capacity has been cancelled so that is no longer part of our evaluation,” Millington said.“The ones that have been put on hold we have extended their timeline farther down the road.”The report forecasts that oilsands output would peak at about 5.5 million bpd by 2038.A new steam-driven oilsands project can be profitable with benchmark U.S. crude prices of just over US$60 per barrel and an expansion project needs just US$51.60 per barrel, making both financially feasible as West Texas Intermediate crude prices rose to above US$70 per barrel on Monday, CERI said.Bitumen and upgraded synthetic crude made up 61 per cent of total Canadian oil output and 82 per cent of Alberta’s total oil production in 2017, CERI reported.Follow @HealingSlowly on Twitter.Companies in this story: (TSX:CNQ)last_img read more

Highway 29 closed at the Cache Creek Bridge

first_imgAccording to witnesses in the area, the highway is closed in both directions and could be closed until sometime Sunday afternoon.  At this point, the Ministry of Transportation and have not provided any updates on this collision.#BCHwy29N Reports of a closure due to a vehicle incident on Cache Creek Bridge near #FortStJohnBC. Crews are en route. Assessment in progress.— DriveBC NE (@DriveBC_NE) July 28, 2019Witnesses tell us the collision is between a motorcycle and another vehicle.  We have not been told the condition of anyone in the collision.If you’re in the area, let us know what you see, email UPDATE as of 2:30 p.m. – The highway is open in both directions.UPDATE as of 1:30 p.m. – Highway 29 is closed, in both directions. Vehicle incident between Watson Rd and Thompson Rd (17 km north of Halfway Rest Area). Road closed. Assessment in progress. Expected to open within the hour. Next update time Sun Jul 28 at 2:30 PM MST. Last updated Sun Jul 28 at 1:25 PM MST. (DBC-10473)FORT ST. JOHN, B.C. – Highway 29 is closed in both directions due to a collision near the Cache Creek Bridge.last_img read more

Morocco’s High-Speed Train Tests Launched This Week

Rabat – The National Office of Railroads announced on Thursday that the dynamic tests and initial operations of its new high-speed train line kicked off this week.In a communiqué released this Thursday, February 9, the office stated that a new phase of testing was launched this week, following the final tests on the traditional line in order to examine and ensure the smooth functioning of the high-speed trains on the conventional rail.According to the office, the tests are critical to verify the capability of all components of the high-speed system to reach 320 kilometers per hour, especially the train itself, which runs on the railway equipped with its own upper wires and electricity supply as well as an independent signaling and communication system. Preparations of the testing area were finished on on January 27. The office stated that all dynamic tests were done in gradual phases.The office explained that the first testing line runs up a distance of 40 kilometers and will slowly increase until it reaches 160 kilometers per hour. It added that the increase in speed will be gradual  eventually reaching 320 kilometers per hour over a distance of 100 kilometers.The preliminary state of the tests will cover the entire track and will include linking clips at stations of Tangier and Kenitra to ensure that railways infrastructure and the high-speed train vehicles match perfectly, highlighting that the goal is to finish construction by the summer of 2018.In parallel with these experiments, civil engineering works continue north of the line, having completed more than 175 kilometers out of 200. The office added that the railway construction works are still going at full speed, with more than 120 kilometers of railway tracks have been fully installed currently. They added that that the project records a development rate of 87% and is expected to be completed by the summer of 2018. read more

Climate activists block entrance to London Stock Exchange

LONDON — Environmental activists are blocking the main entrance to the London Stock Exchange after gluing themselves to the doorway while wearing LED displays reading “climate emergency.”The Extinction Rebellion demonstrators also climbed on top of a Docklands Light Railway train at Canary Wharf station in east London as they focus on the city’s financial centres during the final day of protests in the capital. The group says the financial services industry is being targeted for “funding climate and ecological destruction.”Activists held signs saying “business as usual = death” and “don’t jail the canaries.”Some 1,000 people have been arrested during the protests, which started April 15. More than 10,000 police officers have been deployed in response to demonstrations that disrupted transportation by targeting bridges, intersections and commuter trains.The Associated Press read more

UN agency helping countries fight illegal fishing in Indian Ocean

Representatives from 13 Indian Ocean countries are meeting in Mauritius, under the auspices of the United Nations Food and Agriculture Organization (FAO), to focus on strengthening port security – a key tool for combating illegal fishing.“We are now on the threshold of a new era in addressing [illegal] fishing through the key compliance tool of port State measures… widely regarded to be one of the most cost-effective means of combating [illegal] fishing,” Ichiro Nomura, Assistant Director-General of FAO’s Fisheries and Aquaculture Department, told participants.Tighter port controls make it harder for illegal fishers to offload, refuel and take on supplies, and can include requiring boats to radio in prior to docking and in-port inspections.Illegal fishing in the Indian Ocean takes on many forms, including fishing without permission or out of season, harvesting prohibited species, using outlawed fishing gear and disregarding catch quotas. It is a particular concern in the western Indian Ocean and along the eastern coast of Africa, where fishing boats have taken advantage of the lack of strong enforcement measures in coastal countries. The two-day workshop comes on the heels of an international symposium organized by the Indian Ocean Commission in partnership with FAO, the Indian Ocean Tuna Commission and the South West Indian Ocean Fisheries Commission, during which country representatives, intergovernmental organizations, industry and non-governmental organizations (NGOs) discussed new measures taken in recent years against illegal fishing in the region.The stakes are high, particularly for the Indian Ocean Tuna Commission, whose Executive Secretary, Alejandro Anganuzzi, warned that unless effective control measures are implemented soon, the sustainability of tuna fisheries in the region “might be compromised,” adding that port controls offer an attractive option, given their cost-effectiveness.In March 2007, 131 countries attending a high-level FAO meeting agreed to start work on a legally binding global agreement establishing common port control measures. 21 June 2007Representatives from 13 Indian Ocean countries are meeting in Mauritius, under the auspices of the United Nations Food and Agriculture Organization (FAO), to focus on strengthening port security – a key tool for combating illegal fishing. read more

Banks urged to be flexible with farmers facing cash crunch due to

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email REGINA – Saskatchewan’s agriculture minister wants financial institutions to cut farmers some slack because of a grain transportation backlog.Lyle Stewart says he has written to all banks in the province urging them to be flexible with farmers facing a cash crunch because their grain isn’t getting to market.“I think the banks will recognize that there’s lots of value in the grain in those producers’ bins and they’ll be flexible, but I felt it appropriate to suggest that to them, that producers are a pretty good risk and we’d ask for some flexibility,” Stewart said Wednesday.Saskatchewan producers harvested a record crop of 38.4 million tonnes last year, but much of the crop is sitting in bins because of railway transportation delays.Farmer don’t get paid until the grain gets to market.“I know that cash flow is very tight for some of them, that’s for sure,” said Stewart. “When it comes right down to it, they have a lot of money tied up in their grain inventory, hundreds of thousands, in some cases millions of dollars, and so they’re a long ways from bankrupt.“But certainly cash flow is a serious issue, particularly as we get closer to seeding and that time of the year when producers need to spend a lot of money.”The Alberta Federation of Agriculture, the British Columbia Agricultural Council, the Agricultural Producers Association of Saskatchewan and Manitoba’s Keystone Agricultural Producers have warned the backlog is so bad that some farmers won’t have enough cash to pay for seeding this year.Saskatchewan Premier Brad Wall said Monday that it may be time for the federal government to mandate service agreements or mandate the number of rail cars to get grain moving.Liberal MP Ralph Goodale said federal Transport Minister Lisa Raitt should use emergency powers under the Canada Transportation Act to get grain moving. Goodale said the law allows the minister to step in when there’s “an extraordinary disruption” in the effective continued operation of the national transportation system.“That’s what we’ve got here. We’ve got major chaos in western grain handling and transportation,” the Regina MP said.Railways blame the backlog on the size of the harvest and cold weather. They say they must use shorter trains during freezing temperatures to ensure brakes can be used properly — and that means less capacity.Goodale said part of the problem is getting the capacity in locomotive power and rolling stock, the cars used to move the grain.“The railways have not gone out and acquired that locomotive power. Some of the railways have in the United States. The Canadian railways have not. CP, in fact, has reduced its locomotive power this winter,” he said.“So one of the orders would be, I would think, make sure you’ve got the capacity, both in rolling stock, but especially in locomotive power, to be able to move this crop.” Banks urged to be flexible with farmers facing cash crunch due to grain backlog by Jennifer Graham, The Canadian Press Posted Mar 5, 2014 2:53 pm MDT read more

The urban consumer in a low carbon world

Cheap product and simplicity of ownership are the key drivers to take-up of electric and hybrid vehicles, suggests a panel of experts, chaired by What Car? Editor-in-Chief, Chas Hallett, at the SMMT International Automotive Summit.Following a clear-cut opening remark from Thierry Koskas, Global Head of Electric Vehicles at Renault, that “those who think customers buy electric vehicles solely because they’re green will be sorely disappointed”, fellow panel members, Bethan Carver, Manager of Product Development at EDF and Dr Ben Lane, Director at transport solutions consultancy STS, discussed some of the key challenges to the take-up of electric vehicles and, crucially, some of those that have been overplayed.For example, research has shown that motorists focus heavily on the day-to-day costs of motoring, such as refuelling and actually find the procedure of charging vehicles at home, off-peak, perfectly convenient, suggesting that the extent of public and on-street charging infrastructure is far from being the largest obstacle to EV ownership. And with the majority of motorists only travelling around 30 miles per day, electric vehicles with a 100 mile-plus range have proven wholly adequate for consumers.With an education programme on the safety of home-charging firmly under way, growing appreciation of the technological features of new ultra-low carbon vehicles and the pleasurable driving experience they offer – electric vehicles that provide high levels of torque and acceleration – there was confidence amongst the panel that these vehicles will be the mass market model of the future.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more

Kazakhstan lifts four year freeze on issuing new mineral exploration licenses

first_imgKazakhstan has lifted a four year freeze on issuing new mineral exploration licences to develop new deposits, and has invited investors to start bidding in May for rights to develop the large mineral wealth. Kazakh President Nursultan Nazarbayev urged the government to lift the ban, which expired last year. Kazakhstan is estimated to have the second largest uranium, chromium, lead and zinc reserves in the world as well as large quantities of manganese, copper, coal, iron and gold. Kazakh Industry and New Technologies Minister, Aset Isekeshev said “In May we will start accepting bids from potential investors for an open tender for licences of mineral deposits.”last_img read more

Rusev on why he missed Smackdown Live PostSmackdown Live videos

first_img Roman Reigns Is Back, But Not Fighting For Belts WWE Draft confirmed to be taking place as a two-night event starting on October 11 Videos Articles Now Playing Up Next WhatsApp Wrestleview Weekly: Predictions for tonight’s Clash of Champions event in Charlotte May 17, 2017 at 7:17 pm Facebook Now Playing Up Next Roman Reigns: Leukemia Is In Remission Now Playing Up Next May 18, 2017 at 11:53 am TheCyberZon 5 COMMENTS Richie Sheaffer Now Playing Up Next Videos Articles May 17, 2017 at 5:30 pm WWE Hall of Famer Trish Stratus confirmed for WWE Smackdown premiere on FOX Brad Bonesteel Now Playing Up Next Rusev is no longer a big deal anyhow. Much like Koslov, Great Khali, Ryback, etc etc… all the big “monster” heels always start off dominant & then they become jokes or mid-carders. Braun Stroman will be next! So he shirked wrestling (his job) for a hockey game? Well,we’ll probably see him as a hockey player when his wrestling career is over.center_img Adam Martin RELATED ARTICLESMORE FROM AUTHOR Ronda Rousey Shawn Michaels May 18, 2017 at 8:07 am Rusev on why he missed Smackdown LiveRusev, who was advertised to appear on Smackdown Live last night to address Shane McMahon and the WWE Championship, issued the following tweet explaining why he didn’t make an appearance on the show in Manchester.Sorry #SmackDownLIVE I had to make the @PredsNHL game. See you when I see you.— Rusev (@RusevBUL) May 17, 2017Post-Smackdown Live videosWWE posted these videos following last night’s Smackdown Live in Manchester. WWE Lists The Shields Top 10 Wins May 17, 2017 at 12:48 pm Cameron Huff Rob Giles Comments are closed. Agreed. The only reason Rusev has been relevant recently was because Lana came out with him. Now that they seem to be splitting them apart so that Lana can compete in the women’s division, most won’t care if they ever see Rusev again. So.. now Erick Rowen is a side show act? Twitter Recommended videosPowered by AnyClipWWE Lists The Shields Top 10 WinsVideo Player is loading.Play VideoPauseUnmuteDuration 0:30/Current Time 0:04Loaded: 100.00%0:04Remaining Time -0:26 FullscreenUp NextThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Replay the list Videos Articles WWE’s Sasha Banks Confirms “No One KNew” About Roman Reigns’ Leukemia HA! XD You tell ’em Rusev! F*ck Shane McMannequin & all the rest of WWE’s booking idiots. They don’t give a sh*t about you anyway so give them the same treatment. “See you when I see you.” Yeah dude! And the Predators even won. =D Google+ Roman Reigns is in Remission Pinterest Seth Rollinslast_img read more

Sewage runoff from Tijuana River forces beach closure in Imperial Beach

first_img KUSI Newsroom, Posted: February 11, 2018 KUSI Newsroom February 11, 2018 Categories: Local San Diego News FacebookTwitter IMPERIAL BEACH (KUSI) — Sewage-contaminated runoff from the Tijuana River forced beach closures near the U.S.-Mexico border Sunday.The shoreline from the border to the northern boundary of the Tijuana Slough National Wildlife refuge was closed after testing showed unsafe water quality, according to the San Diego County Department of Environmental Health.Officials also issued a precautionary advisory for the beach from the slough boundary to Carnation Avenue in Imperial Beach.The closure and advisory will remain in place until testing confirms water quality meets health standards, the agency said.The unhealthy water quality comes after a Friday morning incident in which a partial power failure at a treatment facility in Tijuana allowed an estimated 560,000 gallons of water to flow through the Tijuana River across the border unhindered, according to the International Boundary and Water Commission.Officials sample the water quality in the area weekly, the environmental health department said, and sewage from the Tijuana River frequently results in closures during the winter rainy season. Sewage runoff from Tijuana River forces beach closure in Imperial Beachlast_img read more

Police searching for jewelry thief in Coral Gables

first_imgThe subject was described as having a thin build, 160 to 170 pounds, 17 to 25 years old with dreadlocks tied in a bun. He was last seen wearing a gray T-shirt and dark gray jeans.If you have any information on this robbery, call Miami-Dade Crime Stoppers at 305-471-TIPS. Remember, you can always remain anonymous, and you may be eligible for a $1,000 reward. Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. CORAL GABLES, FLA. (WSVN) – Police are looking for an armed man who they believe followed the victim to his Coral Gables house before robbing him.The victim’s home surveillance cameras were rolling during the moments he realized he was followed to his house near Ingraham Highway and Douglas Road around 11:50 a.m., Saturday.According to police, the victim was returning to his residence when he saw a white BMW pull up to the bottom of his driveway. The subject exited the passenger side of the vehicle and pointed a handgun at the victim.“He noticed a vehicle pulled up to his driveway,” said Coral Gables Police Sgt. Tom Salcedo. “For the victim, if you see the video, it was very frightening, especially when someone has a handgun pointed at you.”The victim ran away from the subject and fell. That’s when police believe he dropped the bag of jewelry containing an undisclosed amount of jewelry.The subject grabbed the bag and took off in the BMW.“A lot of people just set up in banks, and if they see people carrying out bags, they will follow them,” Salcedo said. “To most cases, that happens a lot.” last_img read more

Low snow causes havoc again with Iditarod

first_imgPete Kaiser in the 2015 Iditarod ceremonial start. (Photo by Josh Edge, APRN – Anchorage)Another low snow year in Alaska is playing havoc with the world’s most famous sled dog race, at least for the start.The Iditarod Trail Sled Dog Race always begins with a ceremonial, fan-friendly start through the streets and trails of Anchorage.But this year, the race’s chief executive officer says he’s worried there won’t be enough snow in Anchorage. Stan Hooley says the ceremonial start will be held “in some fashion” and is hoping Mother Nature will cooperate in the next few weeks.Anchorage has a normal seasonal snowfall of 74.5 inches. This year, so far, only 25.8 inches of snow have fallen.Meteorologist Luis Ingram says there’s no snow in the seven-day forecast.The Iditarod board will decide Friday whether the official start will be 75 miles north of Anchorage as normal, or whether to move the start to Fairbanks, like the board did last year.last_img read more

End of road for Ravi Shastri BCCI seeks fresh applications for the

first_imgAfter India’s semi-final exit, the BCCI is all set to invite fresh applications for the Indian cricket team’s support staff, which includes the head coach. Hence, Ravi Shastri will have to reapply for his position once his contract expires after India’s tour of West Indies gets over next month.The coach and the support staff which consists of bowling coach Bharat Arun, batting coach Sanjay Bangar and fielding coach R Sridhar were all given an extension of 45 days after the World Cup owing to the upcoming tour of the West Indies. All the incumbents will now have to reapply for the positions. However, the team will now have the services of a new trainer and physio after the departure of Shankar Basu and Patrick Farhart respectively following India’s semifinal exit in the World Cup.New management to be in place before home season Virat Kohli (L) and Ravi Shastri (R)BEN STANSALL/AFP/Getty ImagesIndia’s home season kicks off after the West Indies tour when they will take on South Africa. That series kicks off in September. Shastri was given the charge of the Indian team following the controversial end to Anil Kumble’s role back in 2017 after the Champions Trophy defeat.”The job openings will be put up on our website in a day or two. Besides the support staff, fresh applications will also be invited for the post of team manager,” a BCCI official told PTI. Former Tamil Nadu captain Sunil Subramanian was appointed team manager in 2017 on one year-contract but he got an extension.Shastri has also served as India’s director of cricket from August 2014 to June 2016. However, India have not won a major ICC event under his guidance and the only historic series win came against Australia earlier this year. Batting coach Sanjay Bangar, head coach Ravi Shastri and captain Virat Kohli at Lord’s.Stu Forster/Getty ImagesFollowing the Lodha committee recommendations, the BCCI has done away with the direct appointment and follows a proper recruitment process which is very transparent.There are other changes expected after India’s exit from the World Cup. The BCCI is thinking about split captaincy and they might offer the job of leading the limited-overs outfit to Rohit Sharma while Virat Kohli continues to be captain of the Test side.”This would be the right time for Rohit to take over the mantle of the captaincy in the 50-over format. There has been immense support to the present captain and the management and it is time to plan ahead for the next World Cup and for that the existing ideas and plans need a fresh look. We all know some areas need a relook. Rohit would be the right man for the job,” the functionary told news agency IANS.Also, there are reports that the BCCI is not very happy with the performance of batting coach Sanjay Bangar as under him, the side has not been able to fix their number four woes and the middle order muddle which eventually cost the side in the World Cup.last_img read more

Govt borrowing to deepen banking sector crisis

first_imgThe government’s plans to meet the gaping deficit in the budget, have created further concern for the banking sector, stakeholders have said.“Now if the government takes loans from the banks, pressure will mount. This will obstruct the 8 per cent growth we aspire. New employment will not be generated either,” chairman of the Association of Bankers Bangladesh (ABB) Syed Mahbubur Rahman told Prothom Alo.He also said private sector loans are decreasing every month as the banks don’t have money.Most of the banks are facing an acute liquidity crisis and at this juncture the government is planning to borrow over Tk 470 billion (Tk 47,000 crore) from the banking sector, according to the proposed budget for 2019-20 fiscal year.Experts say that if the government takes excessive loans from the commercial banks, the private sector will be hit hard. If the government borrows all the money, there will be nothing left for the private sector.An alternative for the government is to borrow from the central bank. That would mean the central bank would have to print currency and this would lead to inflation.The 2019-20 budget announced by finance minister AHM Mustafa Kamal on Wednesday, offered no specific way out for the crisis in the banking sector. On the contrary, it contained plans to borrow Tk 473.64 billion (Tk 47,364 crore) from the banking system. It also proposed one-digit interest on industrial loans. Bankers feel this will just serve to exacerbate the crisis in the sector further. As it is, private sector loans have dwindled to 12.07 per cent.In his budget speech, the finance minister also spoke of amending the laws. He spoke about taking action against deliberate loan defaulters. The question is, who are the deliberate loan defaulters and who are the unintentional ones?Former president of Dhaka Chamber of Commerce and Industry (DCCI) Abul Kasem Khan, speaking to Prothom Alo, said the budget has determined private investment target at a 24.2 per cent ratio with the GDP. This will require an additional investment of Tk 300 billion (Tk 30,000 crore). As it is, the banks are facing a liquidity crisis and interest rates are continuously going up. Now if the government also borrows from the banking sector, the pressure will simply mount. He said, no one will dare make any new investments under the circumstances. Even those who were planning to invest, will now hesitate.Finance plansThe target of loans from the banking sector in the 2018-19 budget has been Tk 420.29 billion (Tk 42,029 crore). This was decreased to Tk 308.95 billion (Tk 30,895 crore) in the revised budget. Till 29 May this year, so far Tk 186.39 billion (Tk 18,639 crore) has been borrowed from the banks.Another source of finance to meet the budget deficit is savings certificates. With high interest rates, savings certificate sales are breaking records. The sales target for saving certificate in the current fiscal had been for Tk 261.97 billion (Tk 26,197 crore) but by March this year, already savings certificates worth Tk 397.33 billion (Tk 39,733 crore) had been sold. The target in the revised budget was Tk 450 billion (Tk 45,000 crore) and this too is likely to be exceeded.Excessive sale of savings certificate creates two kinds of problems. As interest rates on the certificates are high, depositors prefer to invest in this tool rather than deposit their savings in banks. Thus bank deposits lessen, as at present. Most banks are now desperately seeking deposits. Interest on deposits is now exceeding 10 per cent, but the government is saying this interest has to be kept within 6 per cent and interest on loans at 9 per cent.Another downside of high savings certificate sales in that expenditure on interest increases. As a result of such costly loans year after year, the budget allocation now for payment of interest is 18.3 per cent of expenditure.According to the finance ministry, the government collected Tk 524.17 billion (Tk 52,417 crore) in FY2016-17 for savings certificate sales and Tk 465.300 billion (Tk 46,530 crore) in FY2017-18.Speaking to Prothom Alo in this regard, chief economist of the World Bank Dhaka office Zahid Hossain said, when there was money in the banks three years ago, the government turned to selling savings certificates to generate funds. But now at the wrong time they are aiming to take loans from the banking sector. There is no cash in the banks and borrowing from this sector will simply deepen the liquidity crisis. And taking loans from the central bank will push up inflation. This would not have been a problem had there been discipline in the banking sector.Zahid Hossain went on to say, the budget does not have any specific mention of the prevailing crisis in the banking sector. The loan defaulters must be nabbed in order to fix the sector, the confidence of the depositors must be restored. Instead of controlling the dollar rate, the market should be allowed to control it. This will ease the liquidity crisis to an extent. The question is, when economic growth is so good and when agricultural production is so high, why are deposits dropping?Banks run after moneyFaced with the liquidity crisis, many private banks are running on loans from Bangladesh Bank and the state-owned banks. Only a handful of banks, other than the state-owned ones, have sufficient funds for investment. Many are even offering up to 14 per cent interest on deposits in order to resolve their liquidity crisis. This is pushing up interest rates on loans steadily, going up to 16 to 17 per cent.Executive director of Policy Research Institute, Ahsan H Mansur, told Prothom Alo, the banks have no money. If loans are taken from the banking sector, the liquidity crisis will worsen and inflation may increase. Reserve money growth will probably exceed the target this fiscal. He said, the government should place stress on revenue collection rather than loans from the domestic sector. This will require initiative and extensive reforms in the revenue board.last_img read more

Sega tries to make peeing fun with minigames

first_imgSega fans may still be demanding a Dreamcast 2, but the ex-console game publisher/developer has bigger fish to fry. We’re talking games that you play while peeing…in public.The video above gives a quick glimpse of a new market Sega has identified of gaming while relieving yourself in a public restroom. It’s called Toirettsu, which translates as “toy let’s toilets” according to Kotaku.AdChoices广告Nintendo has the Wii motion sensor, but Sega has a pee sensor which is uses to measure the strength of your spray. Motion control is no longer enough, you need pee spraying power and stamina to win.The data collected by the pee sensor is fed into one of the mini-games as user input, plus you also gets stats such as how much pee you produced. Pee harder/longer = perform better it seems. And the mini-games on offer are as random as the whole concept. One has you cleaning off graffiti, another blows a woman’s skirt up, and the final example given is called Bukkake Battle which involves shooting milk from your character’s nose. Lovely.Do not expect this to make it outside of Japan. But be completely honest with yourself–you walk into a Japanese restaurant, need the toilet, and see one of these available to use. You are going to use it, aren’t you?Read more at KotakuMatthew’s OpinionThis may seem completely out there, but it does work on a number of levels for the establishment that looks after the public toilet this game is located in.First of all, players are going to be more accurate about where their pee goes, which translates to fewer floor spillages and less cleaning to do. Then there’s always going to be the option to charge for playing, meaning extra revenue from a location that wouldn’t usually generate any money. Finally, bars and restaurants may sell extra drinks with Toirettsu installed. If you get a few dedicated players they’ll want to stock up on liquids regularly to get more playtime.last_img read more

Lallan Singhs divine journey

first_imgDivine Journey: II – an exhibition of the Udaipur-based artist Lallan Singh, is opening at the Sculpture Court of the Triveni Kala Sangam from November 15 till December 7 from 11.00 am to 8.00 pm.Born on July 15, 1970 in Allahabad, Uttar Pradesh, Lallan Singh from a young age was intrigued by the natural beauty around him and wanted to present his imagination to the people but could not find any medium or chance. He completed his education and started earning a living, but life was simple and plain. He then stepped in the field of sculpture art. Since then he has never looked back and has been working for almost 21 years. The artist describes the journey of life as ‘Divine Journey’ of ultimate satisfaction and happiness which one gains through the work he/she does. Also Read – Add new books to your shelfThe Divine Realisation describes the mixed emotion of being awestruck by the complex system in which we dwell and show devotion to the almighty. Sentinel is a geometrical structure that resembles a knight. All his creations present an unparalleled artistic expression in vivid forms such as birds, mother and child, bird bath, and many more. The Turtle family is a group of sculptures that defines the essence of a family. Bird bath depicts a beautiful garden sculpture showing an environmental use, while angel spirit signifies the presence of God’s constant help for his creations. The exhibits are done mostly in black, white, pink and yellow marble. For instance, mother and child is a fine rendering in stone that depicts the perennial theme of motherhood. Clearly, the works have the power to transform, inspire and motivate people. As the artist says, these sculptures reflect his soul to which he listens, while he is creating these marvellous pieces of art.last_img read more

Four vehicle accident clogs traffic along highway

first_imgThe accident happened near the Gran Paladium hotel on the Cancun-Playa del Carmen federal highway when a car attempted to take a retorno for a U-turn, but lost control and slammed into a parked van. Federal police arrived on scene to sort out the four-vehicle collision. There were no reports of injuries. Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on WhatsApp (Opens in new window) Witnesses say that the hit van was careened into two other parked vans, resulting in damage to a total of four vehicles. center_img Playa del Carmen, Q.R. — A four-vehicle accident along a Playa del Carmen highway left thousands in material damage but no injuries after a car hit a van. last_img read more

Homemade spike belts found along highway

first_imgJosé Alfonso Bello Ochoa, commander of the Preventive Security Operative Unit in the south of the state confirmed the finding earlier this week by federal police. He says police found two homemade spike belts, one of which was made from a piece of 2.5 meter-long wood inlaid with pointed spikes of metal. Police made the find after a public report was made to federal agents Tuesday afternoon. He says after the report, federal agents proceeded to the route and, upon inspection of that stretch of road, they managed to locate the objects hidden several meters off the highway along a dirt road. The second was about the same length and outfitted with cut tubing. Both were found hidden in brush near Xpujil. There have been similar reports by some Cancun drivers who claim to have seen similar “poncha llantas” on Colosio Avenue and Bonampak Avenue. Photos: Federal Police of Quintana Roo Cancun, Q.R. — Agents of the Federal Police of Quintana Roo say they have found two homemade spike belts along the Chetumal-Escárcega section of highway that are used by criminals to stop vehicles such as cargo trucks. Criminals use the belts to stop cargo transport trucks to rob them. Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on WhatsApp (Opens in new window)last_img read more

Heavy fog engulfs both Dubai and Abu Dhabi delaying flights

first_img DUBAI — A heavy seasonal fog engulfed the skyscraper-lined skyline of Dubai for several hours, causing some flights to be delayed at the world’s busiest international airport.At sunrise Wednesday, downtown Dubai was so foggy that even the outline of the Burj Khalifa, the world’s tallest building, could not be seen by passers-by. Fog also engulfed Abu Dhabi, the capital of the United Arab Emirates.At Dubai International Airport, home to the long-haul carrier Emirates, flights were delayed by up to an hour. Delays also hit Abu Dhabi’s international airport.The UAE’s National Center of Meteorology & Seismology earlier had warned that visibility Wednesday morning would be less than 50 metres (55 yards).High humidity and falling temperatures cause the fog to roll in seasonally along the coast of the Arabian Peninsula. The Canadian Press Wednesday, December 28, 2016 Posted by Heavy fog engulfs both Dubai and Abu Dhabi, delaying flightscenter_img << Previous PostNext Post >> Share Tags: Dubailast_img read more

Officer investigated over Sri Lankan escape

first_imgPOLICE on Friday launched a disciplinary investigation against an officer after the escape of a 39-year-old Sri Lankan woman from Larnaca general hospital.The woman, who was being held at the Menogia detention facility, escaped on Thursday from the hospital where she was recovering from surgery for an unspecified affliction.“A disciplinary inquiry has been ordered by the police leadership to determine whether the officer guarding her had any responsibility,” deputy spokesman Stelios Stylianou said.Police have appealed for public assistance in finding the woman.Anyone with any information on her whereabouts should contact Larnaca CID on 24804060, their nearest police station, the public hotline 1460, or through the police smart phone app.You May LikeFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes? Better safe than sorryFigLeaf Beta AppUndoCity BeautyDo This To Fix Sagging Jowls Without SurgeryCity BeautyUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndo Pensioner dies after crash on Paphos-Polis roadUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more