Turkey tries to contain crisis but currency keeps falling

first_imgANKARA, Turkey – Turkey’s central bank took action Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan’s economic policies and a trade and diplomatic dispute with the United States.The Turkish lira has nosedived over the past week, accelerating a months-long decline, and tumbled another 7 per cent on Monday as the central bank’s measures failed to restore market confidence.Investors are worried about a confluence of factors: the country’s reliance on foreign loans that may stop flowing in as interest rates rise in other economies, like the U.S.; Erdogan’s insistence that the central bank not raise interest rates, as most independent analysts say it should; and a spat with the U.S. that has led to sanctions and the fear of greater isolation from longtime allies in the West.The uncertainty pushed down world stock markets and briefly caused a sharp drop in the currencies of other emerging countries, like South Africa and India, amid concerns that investors might see similar problems in their economies.The lira hit a record low of 7.23 per dollar late Sunday after Erdogan remained defiant in his economic policies and the standoff against the United States, a NATO ally.“Turkey is faced with an economic siege,” Erdogan said Monday, in the latest of a series of speeches. “We are taking the necessary steps against these attacks and will continue to do so.”He has threatened to seek new alliances — a veiled hint at closer ties with Russia — and warned of drastic measures if businesses withdraw foreign currency from banks.Erdogan also ruled out the possibility of higher interest rates, as they can slow economic growth. But independent analysts say higher rates are needed urgently to stabilize the currency and Erdogan’s hard line is one of the reasons investors are worrying.Erdogan won a second term in office in June under a new system of government that gives him sweeping powers. He has used his new power to put pressure on the central bank to not raise rates.On Monday, the central bank announced a series of measures to “provide all the liquidity the banks need” — but offered no hint of a rate increase.The moves are meant to grease the financial system, ease worries about trouble at banks and keep them providing loans to people and businesses.In times of high uncertainty, banks tend to shy away from lending to each other. A so-called credit crunch, a lack of daily liquidity, can cause a bank to collapse.Simon Derrick, chief currency strategist at BNY Mellon, said the central bank’s measures are unlikely to be enough. In the absence of a decisive rate increase, he said, “it is…hard to look at these announcements as being anything more than temporary calming measures, rather than solutions to the problems at hand.”The lira has now dropped some 45 per cent this year.Part of the concerns about Turkey are the same as other emerging markets. As interest rates rise in the U.S., investors pull their money out of countries that had enjoyed strong economic growth but are perceived as somewhat riskier.Turkey’s situation is among the most precarious among emerging markets because so much of its growth was fueled with debt in foreign currencies. That makes the currency drop so much more painful as it will increase the cost of servicing debt for Turkish companies and banks and could lead to bankruptcies.So far, the impact on developed economies has been relatively contained. Stocks have fallen modestly in the U.S. and Europe since last week, but analysts do not see a big risk of financial turmoil. A few European banks have business there that could lead to losses, but that is not expected to pose a systemic danger to the region.Among the most important things investors are watching out for is whether Turkey, in an effort to stymie the outflow of capital from the country, puts limits on money flows.Berat Albayrak, Turkey’s finance chief — and Erdogan’s son-in-law — said Sunday that the government had no plans to seize foreign currency deposits or convert deposits to the Turkish lira. He said it had readied an “action plan,” without elaborating.The country’s economic trouble has been heightened by a dispute with the U.S. that has centred on the continued detention of an American pastor who is on trial for espionage and terror-related charges. The U.S. has responded by slapping financial sanctions on two ministers and later doubled steel and aluminum tariffs on Turkey.Foreign Minister Mevlut Cavusoglu said Monday that the United States would not achieve aims by exerting pressure and imposing sanctions on Turkey.Addressing a conference in Ankara gathering Turkish ambassadors, he called on Washington to “remain loyal to ties based on traditional friendship and NATO alliance” with Turkey.Meanwhile, Turkey moved to take legal action against hundreds of social media accounts it accused of provoking the lira’s plunge.The Interior Ministry said it initiated legal investigations against 346 social media accounts “which posted content provoking the dollar exchange rate.”It did not provide information on the accounts but said they aimed to “manipulate the dollar rate and form negative perceptions” concerning the Turkish economy.The Istanbul Public Prosecutor’s office announced it had begun investigating “those who had taken actions which threatened economic stability.” The Capital Markets Board of Turkey issued a similar warning to those who spread “lies, false or misleading information, news or analysis.”___AP Business Writer David McHugh in Frankfurt and Cinar Kiper in Istanbul contributed to this report.last_img read more

Putin stands by USharassed Kim

first_imgVladivostok: Russia’s Vladimir Putin and North Korea’s Kim Jong Un met for their first-ever summit on Thursday, vowing to seek closer ties as they look to counter US influence. Putin emerged from the talks saying that like the United States, Russia supports efforts to reduce tensions on the Korean peninsula and prevent nuclear conflicts. But he insisted that Pyongyang needs guarantees of its security and sovereignty, and took a veiled swipe at Washington for trying to strong-arm North Korea. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from US”We need to… return to a state where international law, not the law of the strongest, determines the situation in the world,” Putin said. The summit in Russia’s Far Eastern city of Vladivostok came with Kim locked in a nuclear stand-off with Washington and Putin keen to put Moscow forward as a player in another global flashpoint. The two leaders shook hands and shared smiles before heading into one-on-one talks that lasted nearly two hours, longer than expected, at a university campus on an island off the Pacific coast city. Also Read – Record number of 35 candidates in fray for SL Presidential pollsIn brief statements before their meeting, both men said they were looking to strengthen ties that date back to the Soviet Union’s support for the founder of North Korea, Kim’s grandfather Kim Il Sung. Kim said he hoped to turn the modern relationship with Moscow into a “more stable and sound one” while Putin said the visit would give a boost to diplomatic and economic ties. Putin said he supported Kim’s efforts to normalise relations with the United States and hoped to find out “what Russian can do” to help with the issue of denuclearisation. The meeting — which Kim described as “a very meaningful exchange” — later expanded to include other officials. About five hours after he arrived, Kim left the campus following a long final handshake with Putin, waving through the window of his black limousine as it drove away. Putin then addressed reporters alone, saying he would fill in Washington on the results of the talks. “There are no secrets here, no conspiracies… Chairman Kim himself asked us to inform the American side of our position,” said Putin, who was due to fly on to Beijing for another summit.last_img read more

Morocco Destitute 90YearOld Woman Relinquishes Retirement Pension to Head of Government

Casablanca-Mi Fettouma, a 90-year-old Moroccan woman who receives only 179 DHs ($21) a month in a retirement pension from the government, recently decided to relinquish it and give it to the Head of the Moroccan government, Abdel-illah Benkirane. Mi Fettouma, in a video recently uploaded to YouTube by Andalouss news outlet, said that with her meagre retirement pension of just 179 DHs, she cannot afford even her most basic needs.“Give it to the Head of the State to play with it,” Mi Fettouma told her interviewer in the video. “This monthly sum is not enough for me to live on. I can’t afford medicines, or even the most vital needs, like food, the public bath, and medicine.” With her noticeable visual impairment, Mi Fettouma cannot do much without the assistance of someone else to guide her. Her eight married daughters and her son, who appears in the video, are all jobless.“Without our neighbors, I wouldn’t have been able to afford medicines,” she states in the video.According to her son, Mi Fettouma went on a hunger strike in Fez, eventually ending up in hospital.“We called on all the authorities,” Mi Fettouma’s son declared in flawless standard Arabic. “We incessantly called upon the Head of the government and the Ministry of Solidarity, and we also sent letters to Princess Lalla Meriem, in charge of many social initiatives, as well as to HM the king.”Mi Fettouma’s cries for help fell on deaf ears, according to her son, who is now unemployed after he quit his work in a company.The son, on behalf of his mother, calls on HM King Mohammed VI to lend his caring and supportive hand to Mi Fettouma, who has been psychologically traumatized by her family’s dire financial situation.MAD 1000 is the lowest retirement pension that is supposed to be paid to Moroccan retirees. Mi Fettouma and her son are asking for this very basic entitlement.$1= 8.20 dirhamsEdited by Elisabeth Myers read more

Iraqi parliamentarians wrap up UNbacked study tour of Northern Ireland

10 March 2008Iraqi parliamentarians have concluded a weeklong United Nations-backed tour to meet with their counterparts in Northern Ireland to discuss issues including conflict resolution and consensus building. Organized by the Office of Constitutional Support (OCS) of the UN Assistance Mission in Iraq (UNAMI) as well as the UN Office for Project Services (UNOPS), the visit took place from 2-8 March. The purpose of the tour was to give participants the chance to talk directly with elected members of Northern Ireland’s Assembly, public officials and members of civil society. “Both the Iraqi and the Northern Ireland parliamentarians agreed on the importance of establishing a framework for inclusive dialogue and reiterated commitment to non-violence,” according to a press release issued by UNAMI. Last May, an historic power-sharing accord was signed in Northern Ireland, creating a new Government involving politicians from Protestant and Roman Catholic communities. read more

Closing Bell TSX tumbles commodity prices slide amid Greek political turmoil

TORONTO — The Toronto stock market tumbled more than 200 points Tuesday as commodity prices retreated amid worries that Greece could run out of money next month.Here are the closing numbersTSX — 11704.74 -1.31% -155.92S&P 500 — 1363.72 -0.43% -5.86Dow — 12932.09 -0.59% -76.44Nasdaq — 2946.27 -0.39% -11.49The S&P/TSX composite index fell 155.8 points or 1.3% to 11,704.85 in a broad-based retreat while the TSX Venture Exchange declined 59.05 points to 1,338.37.The Canadian dollar fell 0.53 of a cent to US100.17 cents after slipping below parity with the greenback earlier in the session, going as low as US99.77 cents.Traders avoided risky assets after a prominent Greek politician called on the country’s two main party leaders to renege on their support for the multibillion-euro bailout that is keeping Greece afloat. Alexis Tsipras’ Radical Left Coalition came in a surprise second in Sunday’s indecisive election and the country is struggling to form a new government.“The popular mandate clearly renders the bailout agreement invalid,” he said.U.S. markets also retreated but finished well off the worst levels of the day. The Dow Jones average came back from a 198-point plunge to close down 76.44 points at 12,932.09.The Nasdaq composite index slid 11.49 points to 2,946.27 and the S&P 500 index fell 5.86 points to 1,363.72.Commodity prices lost ground because if Greece can’t stay solvent, it risks falling out of the eurozone, with potential knock-on effects throughout the global economy.As it is, the economies of many heavily-indebted eurozone countries are worsening as tough austerity measures adopted to rein in spending are crushing growth.“It highlights the bigger issue, which is that Europe has made some meaningful progress in addressing the capital issues of the banking system and reinforcing the banking system,” said Norman Raschkowan, North American strategist at Mackenzie Financial Corp.The TSX energy sector lost 1.12% as the June crude contract on the New York Mercantile Exchange fell 93 cents to US$97.01 a barrel. It earlier went as low as US$95.52, its weakest level since late December.Crude has slumped about nine% since the beginning of the month on a deterioration of the global growth outlook. Canadian Natural Resources gave back 95 cents to $30.69 and Suncor Energy was 45 cents lower at $29.77.Copper prices are also down sharply from May 1, losing 4.3%. The July contract was down 10 cents to US$3.68 cents a pound on Tuesday. Copper is viewed as an economic bellwether as it is used in so many industries. The base metals sector gave back 2.16% and Teck Resources declined 81 cents to $33.53 while Ivanhoe Mines lost 45 cents to $9.90.Railway stocks fell alongside commodity prices and mining stocks, with Canadian National Railways down $1.85 to $82.20 and Canadian Pacific Railway off 80 cents at $73.69.The gold sector was also lower as bullion prices backed off, down $34.60 at US$1,604.50 an ounce, the lowest close since Jan 3. Goldcorp Inc. faded $1.53 to $34.40 and Barrick Gold Corp. shed 96 cents to $36.71.Blue chips also contributed to the negative showing with the financial sector down 1.2%. Scotiabank lost 57 cents to $53.02 and TD Bank eased $1.23 to $80.42.On the corporate front, Research In Motion gained 25 cents to $12 as the BlackBerry maker hired two veterans from the mobile computing industry for the key roles of chief operating officer and chief marketing officer.There was also plenty of earnings news to digest.Food company George Weston Ltd. said first-quarter net earnings attributable to shareholders grew 18% to $124-million from $105-million in the quarter a year earlier. Sales increased 1% to $7.22-billion from $7.15-billion a year ago but its shares dipped $1.35 to $59.13.Here’s the news investors were watching today:Condos drive Canada’s housing start surgeGermany to Greece: No austerity, no aidYahoo CEO apologizes for uproar over bogus degreeRIM appoints chief marketing officer, chief operating officerON DECK WEDNESDAYECONOMIC NEWSUNITED STATES10 a.m.Wholesale Trade (March): Economists expect 0.6% riseCORPORATE NEWSCANADATim Hortons Q1 earnings: Analysts expect 58¢ a share Telus Corp Q1 earnings: Analysts expect $1.04 Agrium Inc Q1 earnings: Analysts expect $1 Enbridge Inc Q1 earnings: Analysts expect 48¢ Torstar Corp Q1 earnings: Analysts expect 27¢ Quebecor Inc Q1 earnings: Analysts expect $1 Linamar Corp Q1 earnings: Analysts expect 48¢ Cascades Inc Q1 earnings: Analysts expect 7¢ First Quantum Minerals Ltd Q1 earnings: Analysts expect 24¢ HudBay Minerals Q1 earnings: Analysts expect 12¢ Onex Corp Q1 earnings UNITED STATESCisco Systems Q3 earnings: Analysts expect 47¢ a share CenturyLink Inc Q3 earnings: Analysts expect 58¢ read more

Mens Hockey Mason Jobst scoring goals and sacrificing body as leader of

Junior forward Mason Jobst (26) becomes a wedge between Michigan’s Quinn Hughes (43) and Dexter Dancs (90) Jan. 26, 2018 at the Schottenstein Center in Columbus. Credit: Ethan Clewell | For The LanternIt took all of about a minute for junior forward Mason Jobst to become a bona-fide puck magnet.  When moving from one side of the ice to the other, Jobst could not seem to escape the barrage of vulcanized rubber.“They teach you to just try to get in the lane, line up with the stick. I was doing my best to get in line with the stick,” Jobst said. “It seems like they were just kind of shooting at me on purpose.”The Ohio State men’s hockey team captain blocked five shots and added a shorthanded goal during a single penalty kill late in the third period against No. 20 Michigan Saturday night to preserve No. 5 Ohio State’s first sweep of the Wolverines since the 1985-86 season.   “I’ve never heard the crowd like I heard it when it was done, but also, the bench. Our guys, they were all ready to go jump on him and hug him after the shift,” head coach Steve Rohlik said. “I think that just speaks volumes of what guys think and what they saw just happen.”  Jobst has 111 points in 99 career games as a Buckeye, just a year removed from posting career highs in goals (19), assists (36) and points (55). Jobst’s 55 points were the most by a Buckeye in a single season since two-time All-American Hugo Boisvert reached 58 points in the 1997-98 season.Through 25 games this season, Jobst has 26 points, which is the third-highest total on the team. Jobst is starting to heat up with three goals and three assists in the past three games.“I think it’s hard to find an All-American that gets 50-plus points a year that’s willing to block (five) shots in a row for you, so it makes him a special player,” redshirt junior goalie Sean Romeo said.Jobst said the willingness to block shots started with a mentality at the beginning of the year, when Ohio State changed from being a run-and-gun offensive team to a defensively stout group.It doesn’t hurt to have Romeo behind the shot-blockers. He has been a rock for the Buckeyes this year with a record of 14-5-4 and is top-10 in the country in save percentage (.927) and goals against average (1.99). The Buckeyes give up the fourth-fewest goals per game (2.08) in the NCAA.There is hardly ever a time when Jobst is not working on a certain detail of his game. Jobst also sets aside time to help his teammates improve areas of their games. “He’s always doing goalie skates with us, he’s always in the shooting room after,” Romeo said. “Guys kind of give him a hard time for always doing stuff, but it really pulls guys along with him and kind of motivates more guys to do what he’s doing.”Jobst, a first-team All-Big Ten, second-team All-American, as well as an Academic All-Big Ten selection in his sophomore season, leads with his actions rather than his words, Rohlik said.    “He’s not a big rah-rah guy, when he speaks I think the guys respect exactly what he’s saying because he can back it up because of how he plays and what he does,” Rohlik said. “I think that’s the sign of a really good leader.”The Buckeyes will need the leadership of their captain during the season’s final stretch against some tough Big Ten competition. Ohio State hosts Michigan State Friday and Saturday before going on the road to take on No. 2 Notre Dame and No. 12 Minnesota. Then, it will finish the regular season with a home series against No. 18 Wisconsin. read more

Ohio State players Carlos Hyde Bradley Roby named in separate incidents reported

Lantern file photoOhio State senior running back Carlos Hyde is a “person of interest” in the reported assault of a woman at a Columbus bar July 20, according to a Columbus Division of Police report, while redshirtjunior cornerback Bradley Roby was charged with battery resulting in bodily injury in Monroe County, Ind., on July 21, according to Monroe County Court Records.The incident involving Hyde reportedly occurred at about 2 a.m. Saturday at the Sugar Bar 2, located at 303 S. Front Street, according to the report.The woman told police she did not know the suspect who allegedly assaulted her but could identify him, according to the report posted on the blog Eleven Warriors.Roby was arrested at about 2:40 a.m. Sunday at the Dunkirk Bar in Bloomington, Ind., according to a press release from Bloomington Police. He had been removed from the bar after attempting to start a fight with another patron, then attempted to re-enter the bar but was stopped by security guards. He then struck one of the security guards in the chest, according to the press release. Roby was then wrestled to the ground and detained until police arrived.Hyde, Roby and representatives from OSU Athletics did not immediately return requests for comment Monday morning, but OSU officials are expected to provide more information later Monday.A meeting was called Monday morning at the Woody Hayes Athletic Center, and OSU will release information on the situation later today, according to reports.Roby was scheduled to appear in Monroe County Circuit Court at 1:30 p.m. Monday.These two incidents are not the first involving OSU football coach Urban Meyer’s players this summer. Former linebacker David Perkins was arrested in Bowling Green May 25, a few days before the announcement that Perkins will no longer be part of the OSU football program, and on July 14, freshman tight end Marcus Baughwas arrested for underage consumption.Some of Meyer’s former players have been arrested as well – former New England Patriots tight end Aaron Hernandez, who played under Meyer for three seasons at University of Florida, was charged June 26 with murdering semi-pro football player Odin Lloyd.Hyde finished second on the team in rushing during the OSU undefeated 2012 season. He had 970 yards and 17 touchdowns during his 10 games played.Hyde was named to the 2013 preseason Doak Walker Award watch list, an award given to the top college football running back.Roby was a semifinalist for the Jim Thorpe Award, given to the nation’s top defensive back, and a second-team AP All-American last season. Roby was recently named to watch lists for the Thorpe Award, Walter Camp Award, Nagurski Award and Bednarik Award. read more

Clark Public Utilities on sidelines of wind power battle

first_imgClark Public Utilities has dodged a battle between wind and water power producers that’s unfolding in the Northwest this week.But with renewable energy rules going into effect next year, it’s not yet clear whether the local electric utility may ultimately be drawn into the dispute.The current problem stems from high levels of snowmelt and rain surging through dams coordinated by the Bonneville Power Administration, the government body that runs electric transmission in the region. To avoid overloading the power grid, and also to comply with federal rules protecting salmon, BPA on Wednesday morning briefly told fossil fuel and wind generators to power down.Wind power companies cried foul, saying they could lose millions of dollars in federal tax credits unless their spinning turbines keep feeding the grid. Although Clark Public Utilities has had an exclusive contract to buy electricity from a wind farm in Oregon since 2009, wind companies’ concern does not increase the cost for local customers, said Erica Erland, spokeswoman for the local utility. And Clark’s natural gas-fired River Road Generating Plant had already been offline for several months, because market prices for power are currently less than the cost of running the plant. Beginning next year, however, Clark Public Utilities will have to obtain at least 3 percent of its electricity from renewable sources — and hydropower doesn’t count. Clark’s renewables quota will increase annually until 2020, when all large utilities in Washington will have to get 15 percent of their electricity from renewables under an initiative approved by voters in 2006.last_img read more

Auditors Office investigates complaint over Benton county

first_imgThe Washington State Auditor’s Office has opened an investigation into Clark County and state Sen. Don Benton, who serves as the county’s director of environmental services.The complaint was filed by a resident — unnamed by the Auditor’s Office to maintain confidentiality — and suggests there was lax county oversight over Benton’s dual role as a department director and state legislator. The Auditor’s Office could not provide specifics about the investigation, citing its ongoing nature.At issue: During last winter’s legislative session, Benton, a Vancouver Republican, continued to log hours for the department of environmental services from Olympia as part of a verbal work agreement reached with County Administrator Mark McCauley.McCauley said he met with a state auditor and provided documentation that Benton had conducted work for the county during the session. The documentation included emails, phone records and Benton’s keycard history, which showed he entered the Public Service Building 18 times during the session.The auditor “appeared to be satisfied with my explanation,” McCauley said. “I have no evidence they will write anything negative.”The still-open investigation is the latest dust-up in the year-long controversy over Benton’s hiring.Last May, two Republican county commissioners, David Madore and Tom Mielke, hired the longtime lawmaker to head the department. The hiring sparked a firestorm of controversy, with Commissioner Steve Stuart, a Democrat, decrying it as political cronyism.last_img read more

Theresa May wants postBrexit UK to stay best place in Europe for

first_imgUK Prime Minister Theresa May spoke at the opening of UK tech week. Daniel Leal-olivas / AFP/Getty Images Brexit is coming, the prime minister is going, and meanwhile the British tech industry waits to see whether it’ll retain its lead in the London tech scene.For the current leader of the UK, Theresa May, ensuring the country continues to attract the best tech talent and new businesses is a priority, she said speaking at the launch of London Tech Week on Monday.”I want to make sure Britain stays the best place in Europe to launch and grow startup,” said the outgoing prime minister, who resigned as leader of the Conservative Party last week and will step down as the country’s leader as soon as a successor is appointed. “We want this to be the place everyone thinks of, and comes to, first when they want to develop their world-changing tech ideas.”The UK is currently home to 20 out of the 64 billion-dollar tech companies (often referred to as unicorns) in Europe, with research released by the government on Monday showing that 13 such companies were formed in the country in the last year alone. London was also the top destination in Europe for technology investment in 2018, attracting nearly double the amount of funding than its nearest rival Berlin.The British tech sector is growing over one and a half times faster than the rest of the economy, adding more than £130 billion to the country’s economy every year, said May. But in spite of its current strength, the UK’s position as Europe’s tech leader is under threat. With the deadline for the UK leaving the EU pushed to the end of October, there remains significant uncertainty in the tech industry and beyond about what the impact will be on the British tech sector.”For the existing and established companies, whatever happens, these companies will be prepared,” said Taavet Hinrikus, CEO and co-founder of financial tech company TransferWise, also speaking at the Tech Week launch event. New companies, on the other hand, will have to weigh whether its worthwhile for them to build a business in the country, he said.May said that key to securing the UK’s future as a leader in tech will be securing relationships with international partners around the world — something the government will do through upcoming future economy trade missions. The UK also boasts a strong regulatory environment, said May, which should ensure it remains a good place to do business for big tech and new players alike. Now playing: Watch this: 0 Share your voice Tech Industry The UK may make tech companies clean up social media’s…center_img 2:18 Post a comment Tags “The right regulation is what makes capitalism work,” she said. “It’s been true of previous technological revolutions, but government, and the sector as it becomes more mature, now see smart regulation as part of a thriving digital economy, rather than a threat to innovation.”The prime minister used the Tech Week launch event opportunity to announce a raft of investments — both from the government and industry — in UK tech totaling £1.2 billion ($1.5 billion). Quantum computing is a major recipient of the funding, along with programs where people can take AI and data conversion courses.May also announced the launch of a tech competitiveness study, which will be conducted by industry partners including Microsoft. The aim is to identify opportunities and support for digital businesses in order to ensure the UK retains its current lead. “If we’re going to maintain our position as global leader, our challenge is how we develop British tech and make it even better,” she said.last_img read more

Gov Walker pitches 15 percent income tax with a limit

first_imgGov. Bill Walker is proposing a new tax to close part of the gap between what the state government spends and what it brings in.Listen nowThe tax would be a flat 1.5 percent of wages and self-employment income. But there would be a limit in how much anyone pays.No one would pay more than twice what they receive in an Alaska Permanent Fund dividend.State Commissioner of Revenue Sheldon Fisher said the administration decided against asking for more new revenue bills.“We feel like we are most successful – and when I say we, I mean the administration and the Legislature working together – are most successful when there’s a single item of focus,” Fisher said.Both state residents and non-Alaskans working in the state would pay the tax.Administration officials have a mouthful of a name for the tax: the “capped hybrid head tax.” It’s not a true head tax, in which every person pays the same amount.But it’s also different than most of the tax proposals the House considered this year, since everyone whose pay is above a certain ceiling would pay the same amount. This year, that amount would have been $147,000.Fisher said the tax wouldn’t be applied to all forms of income.“It does not tax capital and, therefore, it should encourage … investments in the state,” Fisher said. “It also does not tax retirement income, so we know that’s a matter that’s sensitive to many of our retirees that are on a fixed income.”The tax would raise about $320 million. That would still leave a significant budget gap, even if the Legislature passes a bill that draws money from permanent fund earnings. State officials said the gap next year would be between $200 million and $500 million.Administration officials said the Legislature should decide how to close the gap. Options include spending from state savings, other new revenue or additional cuts.If the Legislature passes the tax, it would start in January 2019. It would require as many as 50 new state workers to administer.Walker plans to call the Legislature into a special session on Oct. 23 to consider the tax and a bill that would increase sentences for some crimes.last_img read more

JU BCL secretary assaulted by exBCL leader

first_imgThe general secretary of Bangladesh Chhatra League (BCL) of Jahangirnagar University (JU) unit was reportedly assaulted on Friday by a former BCL leader of the unit over establishing supremacy on the campus.The incident took place in front of Shaheed Salam Barkat Hall around 10:30pm when former JU BCL secretary and former vice-president of central committee Razib Ahmed Rasel assaulted him.After being assaulted, JU unit general secretary SM Abu Sufian Chanchal left the place.However, a tensed situation was prevailing on the campus over the incident.According to the witnesses, former GS and also former central committee vice-president Razib Ahmed Rasel came to the campus and met Chanchal in front of SSB Hall to discuss over the faction. At one stage, Razib got angered and slapped him, they said.Seeking anonymity a vice-president of the university unit said, “For a long time, an internal clash was prevailing between them over establishing supremacy on the campus. Although Chanchal was loyal to Razib, he also started to maintain liaison with BCL central committee president Rezwanul Haque Chowdhury Shovon.”The crisis was deepened cantering the last programme of the university marking the prime minister Sheikh Hasina’s reception on the Dhaka-Aricha Highway on Thursday where the factions observed the programme separately.Expressing dissatisfaction, some leaders and activists of the university unit criticised the incident. They were exclaimed on how an ex-leader could assault a running leader.Denying the allegation, Razib, however, said, “Chanchal was loyal to my panel but he tried to make ‘faction’. Some senior leaders of the university unit called me to settle the matter. I angrily questioned him about the matter and no incident of assault was happened there.”However, Chanchal also denied the assaulting incident. He said that an altercation was held between us.Contacted, assistant proctor Mohibur Rouf Shaibal said, “There was no such incident but an altercation was happened between them.”Later, they solved the issue with mutual discussion, he added.last_img read more

Quader to undergo bypass surgery in a few days

first_imgRoad transport and bridges minister Obaidul Quader. File PhotoThe physicians at Mount Elizabeth Hospital in Singapore are thinking of conducting a bypass surgery on ailing minister Obaidul Quader, said a Bangladeshi physician on Tuesday, reports UNB.He, however, said it will take some time as Quader has slight problems in his kidneys and developed infections.A medical board constituted with Koh Siam Soon Philip, a senior consultant of cardiology department of the hospital, as its head examined him on Tuesday morning and briefed about the treatment.Professor Abu Nasar Rizvi of the Neuromedicine department of Bangabandhu Sheikh Mujib Medical University (BSMMU) who accompanied the road transport and bridges minister and Awami League general secretary gave an update of the treatment for the media based on the briefing of the medical board.He said the minister was taken to the hospital around 11:00pm local time on Monday and a medical board was constituted on an emergency basis.Apart from Philip, there are cardiothoracic surgeon Sivathasan Cumaraswamy, infectious disease specialist Asok Kurup, urologist Ho Siew Hong and intensive care medicine specialist Sim Kah Ming in the medical board, Rizvi said.He said the medical board extensively examined and observed Quader and sat with them on Tuesday morning and gave their feedback.They said the minister has problems in his kidneys and some infections. “They’re thinking of conducting a bypass surgery after controlling the kidney problems and infections in a few days.”Rizvi said the minister’s condition is now stable and on the mend.He also said the medical board appreciated the initial management of the situation in Bangladesh.The medical board will brief on the treatment at 12:30pm Wednesday, local time.Quader’s wife Isratunnesa Quader, Bangladesh high commissioner to Singapore Mostafizur Rahman, Ekramul Karim Chowdhury, MP, Nizam Hazari, MP, Dhaka South city Awami League general secretary M Shahe Alam Murad and Gazipur city mayor M Jahangir Alam were present at the briefing.Meanwhile, additional secretary Belayet Hossain of the Road Transport and Highways Division here said the condition of ailing minister Obaidul Quader has improved and the medical team of Mount Elizabeth Hospital in Singapore examined him around 10:00am (BST), said an official here.After the checkup, the physicians said that his condition is now good, he said.It will decide about the tests to be conducted on him, Belayet said, adding that a CT scan will be done today.The minister was flown to Singapore on Monday for better treatment following the advice of renowned Indian cardiologist Devi Shetty.He was admitted to the CCU of Bangabandhu Sheikh Mujib Medical University in the capital on Sunday morning following his breathing complications.Later, physicians found three blockages in his coronary arteries following an angiogram.last_img read more

YouTube Star Dan Howell Comes Out as Gay It Gets So Much

first_imgAmong their other projects, Dan & Phil published a book, “The Amazing Book Is Not on Fire,” and were featured in a YouTube original concert film about their world tour, “The Amazing Tour Is Not On Fire.”Watch the video from Howell below or at this link: ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 YouTube, for all its highly publicized problems with hate speech and other objectionable content, has served as a place for LGBTQ people to express themselves and form community connections. In the past, YouTubers including Gigi Gorgeous, Shane Dawson, Ingrid Nilsen, Hannah Hart and Joey Graceffa have used the video platform to share their personal stories of coming to terms with their sexual orientation.“Queer people exist,” Howell said in video. “Choosing not to accept them is not an option. To anyone watching this that isn’t out, it’s OK. You’re OK. You were born this way. It’s right. And anyone that has a problem with it is wrong.”Howell, who has 6.5 million YouTube subscribers, rose to fame as one half of British comedy duo “Dan & Phil,” alongside his friend Phil Lester. They’ve each been making YouTube videos since 2006, but first began collaborating in 2009 and subsequently hosted a popular entertainment show on BBC Radio 1.About his longtime collaborator, Howell said in the video, “This is someone who genuinely liked me. I trusted them. And for the first time since I was a tiny child I actually felt safe… we are real best friends. Companions through life. Like actual soul mates.”Howell, who turned 28 this month, thanked his fans for giving him the support to reveal his sexual orientation: “i doubted all my life that the world would change to be a place i could personally feel open and accepted and that’s because of all of you. thank you,” he wrote on Twitter. Silicon Valleywood: Content Creators Discuss if Storytelling is Driven by Data Relatedcenter_img It’s Pride Month, and popular YouTube vlogger Dan Howell had a message for fans that he’d been working on for a year: “Basically, I’m Gay,” he shared in a video Thursday.In the 45-minute video, Howell discussed coming to terms with his sexual orientation and his thoughts on labels that people use to define themselves and others. He also talked about being bullied — and issued a message of empowerment to others going through the same experience.“Based on your circumstance you might not feel ready to tell people yet, or that it’s safe, and that’s fine too,” Howell said in the video. “Just know that living your truth with pride is the way to be happy. You are valid. It gets so much better. And the future is clear. It’s pretty queer.”Howell’s video is currently the No. 1 trending spot on YouTube and had accumulated more than 3.6 million views in the first 15 hours. It’s the first video he has posted on his channel in nearly a year. Popular on Variety YouTube Rings in Era of Ad-Supported Originals By Making ‘Cobra Kai’ Free to Watchlast_img read more

Watch Harry Potter Fans Freak Out Over Dobby Creature in Eerie Video

first_img“So I woke up Sunday morning and saw this on my camera and am trying to figure out…what the heck?? First I saw the shadow walking from my front door, then I saw this thing….has anyone else seen this on their cameras?? The other two cameras didn’t pick it up for some reason,” Gomez wrote on Facebook.Another Twitter user noticed the bizarre video on Facebook and decided to share it on Twitter to help Gomez crack the “magical” mystery.a lady posted this and said she saw this on her home camera this morning. what y’all think this is ? pic.twitter.com/L98wckn6bO— jey bee . (@jadynbee_) June 7, 2019Harry Potter fans couldn’t help but notice the weird video and they joked about what the “creature” could possibly be. Some said it was actually Dobby, just living the master-free life. Others called it a hoax, since Dobby is supposed to be dead. For now though, it looks like Dobby is alive and thriving.BREAKING: Footage of #dobby minutes before he was sighted on someone’s driveway, at around 3am EST this Sunday. pic.twitter.com/JeQKeUo7ke— Pedro Pimentel (@pedrohfpi) June 9, 2019 So did y’all forget #dobby died. So that video can’t be him. pic.twitter.com/Knrr9KxLF5— Tiffany Milliner (@wonkytiff) June 9, 2019 Dobby, the cute house elf that appeared in Harry Potter films, might still be alive: An eerie night cam video recently captured a “creature” resembling the tiny character and it is going viral on social media.Vivian Gomez recently shared a video of the strange occurrence on Facebook, which showed the “Dobby-like creature” walking funny outside her residence, The Daily Dot reported. No one knows what’s going on in the footage, however, the video has received more than five million views on Facebook. Toy Tuesday: The Best Animal ToysGrab Your Wand: ‘Harry Potter: Wizards Unite’ Launches June 21 Dobby is alive and freeeeee! A lookalike of a much-adored character from the Harry Potter series is giving people the creeps.https://t.co/MgsNcOPRY4— Twitter Moments (@TwitterMoments) June 9, 2019More on Geek.com:Harry Potter x Vans Collaboration Unveils ‘Magical’ Footwear for Fans Dive Deeper Into Wizarding World With Harry Potter E-Books New Harry Potter Lego Sets Feature Familiar Scenes, Characters Stay on target Dobby or an alien? Viewers were left perplexed, scared and intimidated after what they saw in this video footage shared. It shows a creature with what appears to be thin legs and elf ears dangling down a driveway caught on a home camera. pic.twitter.com/or4n8tT3c6— Ken Rutkowski (@kenradio) June 9, 2019last_img read more

This Rechargeable Cap Uses UV Rays to Kill Germs in Your Water

first_img A reusable water bottle is an eco-friendly way to make sure you’ve always got liquid refreshment within reach. Unfortunately, it’s easy to forget that they’re also a great breeding ground for bacteria.Those stylish “cola-style” bottles can be especially tricky to clean properly. What if cleaning your water bottle was as easy as pressing a button?That will soon be a reality thanks to the team at Microlyscs.  They’re currently running a crowdfunding campaign on Kickstarter to produce a clever little gadget called CrazyCap.AdChoices广告CrazyCap is a rechargeable sterilization device that is compatible with most cola-style water bottles. Juice it up, swap out the bottle’s original cap, and give the button a double tap. That’s all you have to do to kill the bacteria, viruses, mold, and algae in your bottle.A handy auto-cleaning feature fires up CrazyCap every 4 hours to keep things sterile throughout the day. For those times when you want a little reassurance, there’s Crazy Mode. 5 taps can tackle even “moderate to high(ly) contaminated water.”The dirty work is handled by a 10mW LG UVC LED. It’s an industrial-grade unit that’s rated for 10,000 hours of use, which Microlyscs estimates should provide you 10 years of sterilization.It’s remarkably efficient, too. According to Microlyscs you’ll only need to charge CrazyCap once a month using the slick induction charger (there’s no charging port in CrazyCap to make sure it’s sealed ).Once it’s available for retail purchase, CrazyCap will sport an MSRP of $95. Backers of the Kickstarter project can secure one at a massive discount. There’s still plenty of early bird perks available for a $38 pledge.Not sure CrazyCap will fit your bottle? You can pick up a 17 ounce insulated from Microlyscs that’s guaranteed to fit for an extra $14 ($18 if you miss out on the early bird perks).More on Geek.com:This Electric Toothbrush Takes Just 10 Seconds to Clean Your TeethThe World’s Most Advanced Smart Motorcycle HelmetThis Clever Seat Post Is Also a Bike Lock Covert Dock for Nintendo Switch Fits in Your PocketRugged BlackBerry Clone With QWERTY Keyboard Hits Kickstarter Stay on targetlast_img read more

Study shows city life may cause permanent change in circadian clock for

first_img This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Citation: Study shows city life may cause permanent change in circadian clock for blackbirds (2013, June 5) retrieved 18 August 2019 from https://phys.org/news/2013-06-city-life-permanent-circadian-clock.html (Phys.org) —An international team of researchers working in Germany has found that blackbirds that live in the city tend to have different circadian rhythm cycles than do blackbirds that live in a nearby forest. In their paper published in Proceedings of the Royal Society B, the researchers describe the results of their field and lab study comparing activity times of the two groups of birds. Explore further © 2013 Phys.org More information: Clocks for the city: circadian differences between forest and city songbirds, Published 5 June 2013 doi: 10.1098/rspb.2013.0593AbstractTo keep pace with progressing urbanization organisms must cope with extensive habitat change. Anthropogenic light and noise have modified differences between day and night, and may thereby interfere with circadian clocks. Urbanized species, such as birds, are known to advance their activity to early morning and night hours. We hypothesized that such modified activity patterns are reflected by properties of the endogenous circadian clock. Using automatic radio-telemetry, we tested this idea by comparing activity patterns of free-living forest and city European blackbirds (Turdus merula). We then recaptured the same individuals and recorded their activity under constant conditions. City birds started their activity earlier and had faster but less robust circadian oscillation of locomotor activity than forest conspecifics. Circadian period length predicted start of activity in the field, and this relationship was mainly explained by fast-paced and early-rising city birds. Although based on only two populations, our findings point to links between city life, chronotype and circadian phenotype in songbirds, and potentially in other organisms that colonize urban habitats, and highlight that urban environments can significantly modify biologically important rhythms in wild organisms.center_img Researchers and most people who live in cities have known for some time that birds that live in cities tend to become active earlier in the morning than do birds that live in the country—or in this case a forest. In this new effort, the researchers wanted to know if birds that live in the city had permanent changes to their circadian cycle.To find out, they captured six blackbirds that lived in Munich and another six that lived in a forest approximately 25 miles away. Each bird was outfitted with a radio transmitter that allowed the researchers to monitor their activity. Each of the birds was then released back into the environment where it was found. Birds from both groups were monitored for a week then were all recaptured and taken back to a lab. In the lab, all of the birds were put into isolation chambers where ambient light was held fixed and sound was cut off. Inside, the birds were unable to determine the time of day. Their activity was monitored for ten days, after which the birds were released back to where they had been captured.In analyzing the data obtained from their efforts, the researchers found that blackbirds native to the city became active on average 29 minutes before the sun came up in the morning. Forest birds on the other hand, rose with the sun. They also found that the city birds tended to keep busy for approximately 6 minutes longer at the end of the day than their forest dwelling city cousins.In the lab, the isolation was meant to determine if the differences in activity were specifically tied to temporal city life or whether the changes had become permanent. Watching the birds indicated the change was more likely the latter. The city birds demonstrated faster biological clocks—they went through their circadian day on average 50 minutes faster than did the birds from the forest. The researchers also found their behavior rhythms tended to weaken faster as well.The research team acknowledges that their sample size is too small to form definite conclusions, but add that their findings do suggest that city living may impact biological cycles. For that reason, they suggest more research be conducted to discern whether there is a similar difference for people and if so, what impact it might have. Blackbirds in the spotlight: City birds that experience light at night ready to breed earlier than their rural cousins Journal information: Proceedings of the Royal Society B Turdus merula. Credit: Andreas Trepte / Wikipedialast_img read more

HIV in the Philippines now a national emergency

first_imgeTN Chatroom for Readers (join us) New HIV cases have jumped 140% in only six year from 4300 in 2010 to about 10,500 in 2016.A UNAIDS Report revealed the Philippines has the fastest growing HIV epidemic in the Asia Pacific region.‘The Philippines has a small window of opportunity to act now and stop a major HIV epidemic from taking hold,’ said Eamonn Murphy, Director of UNAIDS Regional Support Team for Asia-Pacific.‘If HIV programming is re-directed to focus on the people most at risk and where they are located, I’m sure the country can not only return to a stable situation but even end the AIDS epidemic as a public health threat by 2030.’While the Philippines has controlled the HIV epidemic among female sex workers, the country noted a shift in the epidemic in 2007.Last year 83% of newly reported HIV cases occurred among men who have sex with men (MSM) and trans women who have sex with men (TGW).The majority of the new infections were among 15 to 24 year old MSM and TGW. The Department of Health estimated that in less than 10 years more than 90% of people living with HIV will be under 30.UNAIDS said the Philippines government had refocused its strategy on cities were 80% of the new cases were reported. It has opened HIV clinics which serve as ‘one-stop shops’ in testing, counselling and treatment services.‘HIV is one of the top health priorities for the government of the Philippines,’ said Dr. Paulyn Jean Rosell-Ubial, the Secretary of the Department of Health. GAYSTARNEWS- The United Nations and doctors are calling on the Philippines to treat rising HIV rates as a ‘national emergency’.center_img ‘We have significantly increased the budget allocated to HIV in the past few years, and are now implementing programs which we expect to have a positive impact.‘The Department of Health… is determined and committed to halt the increase in the number of cases and start reversing the trend of the epidemic in five years.’National emergencyDr Rossana Ditangco is the head of the AIDS Research Group of the Research Institute for Tropical Medicine (RITM).Ditangco told Rappler it was time for ‘an aggressive campaign’ to deal with the HIV crisis.‘I don’t have high hopes anymore. We can’t control the rapid rise of HIV infection,’ she said.‘It is time the government has to treat HIV as a national emergency.’PrEP trialLate last month a PrEP (pre-exposure prophylaxis) trial was launched. It will make the HIV preventative drug available to 200 MSM and TGW.Rather than the government running the trial it will be run by community health organization, LoveYourself.The trial will run for two years to determine if it is fit for a wider community roll out.‘Part of the reason for a CBO (community based organization) roll out is to make it community driven rather than government policy,’ LoveYourself’s community relations manager told Gay Star News.‘We hope this strategy will be effective in reaching out to more sectors of the key affected population.‘The Philippines Health department has long been supportive of this initiative and we think this is the perfect time to distribute it in the country.‘The pilot program study is not meant to check the effectiveness of drug but more on adherence of participants. Results of study will give us a snapshot on behavior of Filipino Men towards PrEP.’Share this:TwitterFacebookLike this:Like Loading… New HIV cases up 3,147% in the Philippines as crisis gets worseThe Philippines Senate just passed stronger laws to end HIVTwo more cities in the Philippines are protecting LGBTI from discriminationRead the full article on Gaystarnews:  :https://www.gaystarnews.com/article/hiv-philippines-now-national-emergency/last_img read more

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first_imgSponsored Content | Whitepapers | August 26, 2016 White Paper: Automatic Gating in Respiratory Motion Management How Response controls gated treatment deliveries in the Elekta digital linear accelerator  Respiratory motion presents a number of challenges in the delivery of radiotherapy to certain thoracic or abdominal tumors. During the acquisition of planning images, free breathing can cause artifacts that may affect the delineation of tumors and organs-at-risk, potentially impacting the accuracy of dose calculation. Elekta offers a suite of motion management solutions to address these challenges.To receive your free copy of this white paper, please complete the registration form below. First Name * Title * News | Patient Positioning Radiation Therapy | August 15, 2019 Mevion and C-RAD Release Integration for Improved Proton Therapy Treatment Quality Mevion Medical Systems and C-RAD announced the integration between the C-RAD Catalyst PT and the Mevion S250i proton… read more Videos | Radiation Therapy | July 30, 2019 VIDEO: Use of Radiotherapy to Noninvasively Ablate Ventricular Tachycardia Pierre Qian, MBBS, read more Related Content News | Radiation Therapy | August 15, 2019 First Patient Enrolled in World’s Largest Brain Cancer Clinical Trial Henry Ford Cancer Institute is first-in-the-world to enroll a glioblastoma patient in the GBM AGILE Trial (Adaptive… read more Email * The CT scanner might not come with protocols that are adequate for each hospital situation, so at Phoenix Children’s Hospital they designed their own protocols, said Dianna Bardo, M.D., director of body MR and co-director of the 3D Innovation Lab at Phoenix Children’s. Pierre Qian explains radiotherapy to ablate VTVideo Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 7:34Loaded: 2.19%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -7:34 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Trackdefault, selectedFullscreenThis 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.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Following radiation, the bone marrow shows nearly complete loss of blood cells in mice (left). Mice treated with the PTP-sigma inhibitor displayed rapid recovery of blood cells (purple, right). Credit: UCLA Broad Stem Cell Research Center/Nature Communications Sponsored Content | Case Study | Radiation Dose Management | August 13, 2019 The Challenge of Pediatric Radiation Dose Management Radiation dose management is central to child patient safety. Medical imaging plays an increasing role in the accurate… read more News | Radiation Oncology | July 31, 2019 Laura Dawson, M.D., FASTRO, Chosen as ASTRO President-elect The members of the American Society for Radiation Oncology (ASTRO) elected four new officers to ASTRO’s Board of… read more Institution * Catalyst PT image courtesy of C-RAD The MD Anderson Proton Therapy Center expansion is expected to be completed in 2023. Rendering courtesy of Stantec. News | Proton Therapy | August 08, 2019 MD Anderson to Expand Proton Therapy Center The University of Texas MD Anderson Cancer Center unveiled plans to expand its Proton Therapy Center during a… read more Submit FacebookTwitterLinkedInPrint分享 News | Proton Therapy | August 06, 2019 IBA Signs Contract to Install Proton Therapy Center in Kansas IBA (Ion Beam Applications S.A.) recently signed a contract and received the first payment for a Proteus One solution… read more Last Name * News | Radiation Therapy | August 16, 2019 Drug Accelerates Blood System’s Recovery After Radiation, Chemotherapy A drug developed by UCLA physician-scientists and chemists speeds up the regeneration of mouse and human blood stem… read more News | Radiation Therapy | August 02, 2019 Varian Showcases Cancer Care Systems and Software at AAPM 2019 Varian showcased systems and software from its cancer care portfolio, including the Identify Guidance System, at the… read more News | Brachytherapy Systems | August 14, 2019 Efficacy of Isoray’s Cesium Blu Showcased in Recent Studies August 14, 2019 — Isoray announced a trio of studies recently reported at scientific meetings and published in medica read more last_img read more

IHG face Tibet protests

first_imgA globally coordinated day of protests is scheduled to occur at InterContinental (IHG) hotels on five continents this week, in objection to the opening of an enormous luxury hotel in Tibet. UK-based IHG plan to open a 1000+ room luxury hotel in Lhasa, the capital of occupied Tibet. IHG has yet to respond to protestors questions about its discussions with authorities in Tibet, how it has assessed the impact of the hotel on Lhasa, how it will protect the human rights of its employees and the possible use of the hotel as a venue for Chinese officials to discuss further repression. “IHG failed to consult any Tibet groups before inking the deal on this hotel, has failed to respond to the concerns we’ve repeatedly raised with them and looks quite happy to ignore oppression if there’s money to be made.” The protests – organised by international campaigners in May 2013 – have been timed to coincide with the release of IHG’s third quarter results, highlighting the company’s involvement in Tibet.center_img “IHG will sell the image of a spiritual and peaceful Tibet to the world but Lhasa is not another exotic location for the wealthy to tick off their bucket lists,” Free Tibet director Eleanor Byrne-Rosengren said. Campaigners will protest tomorrow at IHG properties across the world, including hotels in Asia, Australasia, Europe, North and South America and Africa. Source = ETB News: P.T.last_img read more