Photos: Braxton Miller Honored To Have Poster At Ohio Stadium

first_imgBraxton Miller running with the football for Ohio State.ANN ARBOR, MI – NOVEMBER 28: Terry Richardson #13 of the Michigan Wolverines tackles Braxton Miller #1 of the Ohio State Buckeyes during the second quarter at Michigan Stadium on November 28, 2015 in Ann Arbor, Michigan. (Photo by Gregory Shamus/Getty Images)Braxton Miller is a bona fide Ohio State great after his tenure as All-Big Ten quarterback and later a dynamic wide receiver.His status with the program wasn’t in question, but now he is officially in the ranks of the “greats” at Ohio Stadium, where his poster has been added.Miller and defensive end Joey Bosa are the two latest Buckeyes to receive the honor.Bosa and Braxton have been added into the Hall of Greats at Ohio Stadium. pic.twitter.com/7N9gVoNy3a— Not James Vogel (@Not_James_Vogel) August 31, 2016Miller is incredibly grateful to have his posted hanging at “The Horseshoe.”Miller proved to be a threat at every level of offense during his time at Ohio State. As quarterback from 2011-2013, he threw for 5,295 yards, 52 touchdowns, and 17 interceptions. He rushed for 3,315 yards and 33 touchdowns, including 1,000 yard seasons on the ground in 2012 and 2013. As a receiver in 2015, Miller caught 25 passes for 340 yards and three touchdowns.While his numbers at receiver won’t blow anyone away, it was his first year playing the position, and the team dealt with issues at quarterback, as J.T. Barrett did not win the job back from the up-and-down Cardale Jones until midway through the year. Even so, Miller showed enough to be a third round pick by the Houston Texans, where he now plays alongside superstar DeAndre Hopkins and promising receivers like Jaelen Strong and Will Fuller.last_img read more

Canadian Chamber of Commerce critical of proposed tax reforms by Ottawa

first_imgFREDERICTON – Members of the Canadian Chamber of Commerce say proposed tax changes by the federal government are casting business people in a negative light and the finance minister shouldapologize.Chamber members got to put their concerns directly to federal Finance Minister Bill Morneau Saturday at their annual meeting in Fredericton.There was a round of applause when Morneau was asked if he’d consider an independent royal commission to take a broader look at tax reform, but Morneau said the government has been talking about tax reform since the summer of 2015, and expects the current input will lead to changes in what’s being proposed.The tax proposals include restrictions on the ability of business owners to reduce their tax rate by sprinkling their income to family members in lower tax brackets, even if those family members don’t contribute to the company.Morneau also proposed limits on the use of private corporations to make passive investments that are unrelated to the company.Another change would limit business owners’ ability to convert regular income of a corporation into capital gains, which are typically taxed at a lower rate.last_img read more

City Council approves grant application for Festival Plaza

first_imgThis new space in Centennial Park aligns with the City’s strategic plan to use downtown as a social, vibrant hub. The City would like to start project tendering in March 2019 and begin construction in April with completion in September 2019. FORT ST. JOHN, B.C. – At the recent Regular City Council Meeting, Council approved the application to the Northern Development Initiative Trust for a grant to put towards the Festival Plaza.The grant worth up to $50,000 from the Northeast Regional Development Account would help add value to the work that is done shares the City Manager.The Festival Plaza will be located on the northwest corner of Centennial Park on the grounds next to 100th street and 96 Avenue. The Plaza will act as a visual entrance to the City of Fort St. John when travelling in from the south.last_img read more

Amitabh Bachchan Emraan Hashmi to share screen in mystery thriller

first_imgMumbai: Amitabh Bachchan and Emraan Hashmi are teaming up for a mystery thriller, which is set to be released on February 21, 2020. It is the first collaboration between Bachchan and Hashmi. The currently-untitled film will be helmed by writer-director Rumi Jaffrey. “A film is a collaborative effort and when you have one of the best actors in front of the camera and a veteran producer behind the lens supporting you and leading all creative efforts, then making the film is a fantastic experience,” Jaffery said in a statement. Also Read – I have personal ambitions now: Priyanka The movie is produced by Anand Pandit Motion Pictures and Saraswati Entertainment Private Limited. Producer Anand Pandit said he is looking forward to the project with the two stars. “My friendship with Mr Bachchan goes back a long way. I have not met any other actor who matches his skill and commitment. It is an honour to be a part of creating a film with him, and I have always admired Emraan’s body of work, so am looking forward to seeing him onscreen with the legend for the first time,” Pandit said. The film, set to go on floors from May 10, also stars Annu Kapoor.last_img read more

Body found in train

first_imgKolkata: The body of an elderly person was found inside a train compartment at Sealdah railway station on Monday afternoon.Till night, his identity could not be established. According to Eastern Railway (ER) spokesperson, on Monday, the Down Naihati-Sealdah local entered the platform number 1 at Sealdah railway station around 3:55 pm. During checking of the compartments, a Railway Protection Force (RPF) personnel spotted a half-naked body of an elderly person on the floor of a compartment of the local train. After taking a close look at the body, the RPF personnel suspected that the man could be dead. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaHe immediately informed the Sealdah railway station authorities. A doctor from ER’s B R Singh Hospital was called for a quick check up. While the doctor was on his way, RPF personnel removed the body from train and placed it on a bench at the platform. After examination, the doctor declared the person dead on arrival. Later, Government Railway Police (GRP) at the Sealdah railway station was informed. Sleuths took charge of the body and sent it for autopsy examination. Police sources said the elderly person could have died due to some illness as there were no injury marks on the body.last_img read more

BillionDollar Billy Beane

The film version of “Moneyball” depicts many establishment baseball types as ignorant of where wins in baseball come from and clueless about how to properly value talent.Take, for example, the scene when John Henry — the billionaire owner of the Boston Red Sox — tries to recruit the Oakland Athletics’ general manager Billy Beane. Henry tells Beane that any managers not rebuilding their teams with Beane’s system in mind are “dinosaurs,” and then hands him a slip of paper. On it, there’s an offer for Beane to become the new Red Sox general manager for the insane amount of $12.5 million over five years. His fictional colleague tells us that the offer would make Beane “the highest-paid GM in the history of sports.” Despite appearing tempted, Beane ultimately declines the deal, claiming, “I made one decision in my life based on money and I swore I’d never do it again.”1In real life, Beane briefly accepted the Red Sox’s offer before changing his mind (citing community and family reasons). He even began negotiating with the A’s over what compensation the Red Sox would have to give his old team for stealing him away. At the press conference announcing that he’d changed his mind, Beane was asked about that negotiation (from a contemporary news report):“Asked from a baseball talent-evaluator perspective what he was worth, Beane laughed and said, ‘I had one opinion before [accepting Boston’s job] and once I got there, I had a different opinion.’”Beane may not be the highest-paid GM in the history of sports, but he may be the most famous. An outfielder originally drafted 23rd overall by the New York Mets in 1980, Beane made his MLB debut in 1984, but was never successful against top competition. After getting washed out of the league, he became a scout for the A’s and eventually worked his way up to GM in 1997. As GM, he has used Bill James-style advanced statistics to inform his decisions, and taken a strictly economic approach to valuing and acquiring players. Under his leadership, the A’s have been a very successful franchise despite routinely carrying one of baseball’s smallest payrolls. Beane’s story caught the attention of author Michael Lewis, who made him the central character in his 2003 bestseller “Moneyball” and something of a cultural icon for sports analytics.Beane’s methods continue to be analyzed and celebrated by sabermetricians, and the A’s continue to massively exceed expectations given the amount they spend. They own the best record in baseball so far this season, and have the fifth-lowest payroll.2While also being rated as the “unluckiest” team this year. They currently lead MLB in Pythagorean wins by an even wider margin. It’s the best 100-game start of Beane’s career, and the best for the organization since its 1990 pennant-winning squad. Over the last 15 seasons,3The period covered by Baseball Prospectus’s payroll data. the A’s under Beane have had the fifth-best winning percentage in baseball, with the fourth-lowest total payroll. (The data used here is current through Monday, July 21.)Beane has been a godsend to the frugal A’s, enabling them to achieve top-tier performance at bottom-tier prices. For this, the A’s have paid him fairly modestly4In general, good GMs are probably way underpaid, but Beane is even more so. — but since we don’t know how much winning is worth to the A’s organization, it’s hard to say exactly how much Beane has been worth to them.For a team like the Red Sox, however, the picture is much more clear. Over the last 15 years, they’ve happily spent over $2 billion in the pursuit of wins — and because they’re one of baseball’s most successful franchises, no one in Beantown is complaining.From a strictly economic perspective, not offering Beane however much money it took to get him may have been one of the Red Sox’s poorest decisions since letting Babe Ruth go to the Yankees for next to nothing. And I mean that literally: Over the past 15 years, Billy Beane has been nothing less than the Babe Ruth of baseball GMs. The Red Sox offered Beane $2.5 million per year,5The 2002 Boston Red Sox paid Dustin Hermanson — a relief pitcher with a 4.21 ERA — $5.5 million, or more than twice as much in annual salary as they offered Beane. but even $25 million would have been a bargain.Finding Beane’s potential dollar value to the Red Sox is relatively simple: It’s the amount the team spent under general managers Theo Epstein and Ben Cherington, minus the amount it would have had to spend for the same performance with Beane as GM.6Hat tip to Jeremy Kahan — a hedge fund analyst and good friend of mine — for zeroing in on the Red Sox angle to this question.To show this, we first we need to figure out just how many A’s wins Beane has been responsible for, and how much those wins would cost on the open market.Let’s start by comparing the A’s performance under Beane’s leadership to the performance we would expect from a typical GM with the same payroll.7Prior to their change in ownership in 1995, the A’s maintained a healthy payroll, including the largest in the league in 1991, following their World Series appearance the year before. By the time they started downsizing, Beane was already with the team. This means there’s no way to compare Beane’s performance to that of a different A’s GM with a similar payroll. I created a logistic regression model8A type of model used to predict things like win percentages. that predicts a team’s win percentage by season based on the team’s relative payroll (excluding Oakland from the data), as measured by how many standard deviations it was above or below the average MLB payroll for each season. Below, I’ve plotted the non-Oakland team-seasons from 2000 to 2013 (on which the model is based) in groups of 15 by payroll (so, the dot farthest to the right represents the 15 team-seasons with the highest relative payrolls), and plotted the model’s prediction as a red line. I then plotted Oakland’s 15 seasons through 2014 as a single green point:The point on the upper right represents the 15 team-seasons with the highest relative payrolls. These teams were 2.68 standard deviations above the mean payroll on average and won 58.5 percent of their regular-season games on average.9Note there’s not much difference from a linear regression, which would have an underlying (season-by-season) R-squared value of .183 (though this can be increased by using less noisy metrics such as run differential). Oakland, on the other hand, averaged .81 standard deviations below the mean payroll and won 54.8 percent of its games on average.From this we can take each team’s expected wins per season based on payroll,10The logistic regression formula in Excel is: =1/(1+EXP(-(-0.009677+0.127212*[SD Payroll]))). and then see how many games above or below average it ran. Here’s Oakland, broken down by year (Note: 2014 is through the season’s first 98 games only):This comes out to 180.2 wins above expectation given the A’s payroll (165.5 prior to this year). That’s 12.0 wins above expectation per season (and there’s a good chance of that per-season average rising).“Wins above expectation” may sound familiar to you. It’s conceptually very similar to wins above replacement (WAR), the stat we use to evaluate how many wins a player earns a team versus how many games that team would expect to win without him.11There are two main differences between wins above expectation and wins above replacement:WAR is based on direct player performance metrics like hitting, fielding, etc., while a general manager’s wins earned are imputed indirectly from his team’s performance (both of these methods have their pluses and minuses).WAR is above “replacement,” meaning it’s the number of wins a player earns not over an average player, but over a borderline player — someone you would pay the minimum. A GM’s wins here are measured above what we would expect from the average non-Beane GM.But the difference between a “replacement” GM and an average GM is unclear to me: They all cost a pretty similar amount, and how much value they add is a mystery, so I thought an average GM was the appropriate baseline. Regardless, this means that this comparison could be understating Beane’s value. For example, Babe Ruth earned only 126 wins above average as a batter, compared to his 163 wins above replacement.Beane’s 12 wins per season above what we would expect of an average general manager is slightly more wins than Barry Bonds earned when he hit 73 home runs in 2001 (11.9 WAR). The most WAR earned by any batter over his entire career was 163 by Babe Ruth.12At least for now, Ruth does maintain a slight edge over Beane in total WAR (with 183.6) on account of his 20.6 WAR as a pitcher. In fact, if you assemble the top 15 position player seasons of all time, they still trail Beane’s 15 seasons as GM, with 180.1 WAR combined versus Beane’s 180.2 wins above expectation.No one can get that lucky. If you’re expected to win 1,116 out of 2,364 games, winning 1,296 games instead may not look impossible, but that’s because our intuitions about these things are terrible. Excel’s binomial distribution function makes calculating such odds pretty easy:13The Excel formula to calculate odds of winning a certain amount given an expected win rate is: =BINOM.DIST([Games]-[Wins],[Games],1-[Expected Win Percent], TRUE). In this case they’re somewhere around one in 13 trillion — effectively zero.14Granted, though odds that they’ve just gotten lucky overall are nil, it’s likely that the A’s have been “running well” to some extent — meaning, their performance has probably exceeded their true expectation. But this is true of any top team. Of course, we can’t know to what degree Beane alone is responsible for the A’s success. But as GM, Beane is formally responsible for the A’s performance, and there aren’t any other obvious causes that would suggest he isn’t responsible (there have been several different managers and 100 percent turnover of players during Beane’s tenure).Imagine the A’s wanted to have exactly this level of success and were willing to pay whatever it cost. With Billy Beane, the A’s have paid $839,902,108 to their players from 2000 up to and including the start of the 2014 season (but prior to recent acquisitions). How much do other teams normally have to pay for this level of success?There are a lot of estimates for the price of wins out there, ranging from ESPN’s Dan Szymborski’s $5.5 million per marginal win and FanGraphs $6 million on the lower end to Lewie Pollis’s $7 million and up to Hardball Times’ $7.6 million on the high end. To make things a little more complicated, the price of wins has also risen substantially with the growth of payrolls in the last decade15I’ll stick with FanGraphs and Hardball Times, because their historical estimates are readily accessible.:If we use these values to price wins above or below expectation on a year-by-year basis for every team as we did for Oakland above, and then sum up by team, it would look like this:FanGraphs’ value for Oakland’s performance adds up to $812 million since 2000, while the Hardball Times’ value adds up to $891 million. Over three-quarters of a billion dollars — that’s huge! We can smell-check these numbers by looking at the overall picture. Leaving aside standard deviations and year-by-year breakdowns for a moment, we can see how each team’s total payroll over the last 15 years has compared to its performance:That trend line shows us how well teams have performed relative to how much they’ve paid, but we can also use it for the reverse:16By solving for Win Percentage. In Excel: =([WPct]-0.4130893)/(0.0000669). The Oakland Athletics have won 54.8 percent of their games, so the corresponding 15-year payroll (the amount we would expect a team to have paid for that win rate) is about $2.02 billion — about $1.18 billion higher than the Athletics actually paid.So the smell-check turned out a higher number than the estimates based on the normal price of wins, when that normal price already seemed absurd.This isn’t broken down year by year, so it could just be that the A’s won a lot more in years when wins were cheaper. To correct for this, we need a more empirical method for pricing wins. On a year-by-year basis, how big would each team’s payroll have to have been to buy its performance? Using the regression above (and some fancywork in R17This is done using the inverse of the logistic regression built above, which leads to very complicated math, but can be done fairly easily in R using the boot package (where “mod” is the logistic model):require(boot)invPred <- function (W,G,mod) {(logit(W/G) – coef(mod)[[“(Intercept)”]]) / coef(mod)[[“payroll.sd”]]}I should note this leads to some very valuable-looking seasons (like Seattle’s 116-win season in 2001), because that kind of success is virtually impossible to “buy.” But it sums up across seasons very accurately.), we can model this and see that wins may be harder to buy than standard win-valuation models (FanGraphs, Hardball Times, etc.) would suggest. Valuing each team’s relative season-by-season performance this way leads to a very different accounting from above:Over the past 15 years, the A’s have exceeded expectations by close to $1.38 billion — even better than our smell-check estimate of $1.18 billion. This suggests that they’ve performed slightly better in years when they were at a bigger payroll disadvantage (at 2013 market value, those A’s wins would cost closer to $1.78 billion).18Note: though I use a logistic regression so the price of wins isn’t perfectly linear, this approach corresponds roughly to a price per win of around 4.7 wins per standard deviation of payroll. So the table of win prices over the years corresponding to those of Hardball Times and FanGraphs above would look like this: Yes, that’s “billion” with a B. (Or two.)* * * * *Now that we have a sense of Beane’s performance and how much it would cost to replicate it, let’s turn back to the Boston Red Sox and their failure to sign him (or even to offer him anywhere near his worth).The situations in Oakland and Boston aren’t directly comparable. Exploiting market inefficiencies is probably easier for Beane than it is for a successful big-money team, because he has never had to face the winner’s curse or the diminishing returns of spending. On the other hand, the A’s have been way above average, not just a little above average. Aside from the Red Sox’s post-season successes,19I should also note that, while not having any championships to show for it, the A’s have made the playoffs the same number of times the Red Sox have (seven), and they’ve been remarkably unlucky, losing all six series-deciding Game 5s they’ve played. the team has only performed 0.6 percent better than the A’s over the 15-year period — for which they’ve paid an extra $1.2 billion in salaries.But some of that money was spent and some of those wins came before the Red Sox attempted to hire Beane. To be conservative, let’s just look at the period since Henry made Beane his offer: In the last 12 years, the Red Sox spent $1.714 billion on payroll, while the A’s spent $736 million. We can then break down what it could have looked like if Beane had worked for the Red Sox like so:Let’s say it would have cost Boston the same $736 million that it cost Oakland to get the A’s performance with Beane.At the hypothetical $25 million-per-year salary I suggested earlier, Beane would have cost the Red Sox another $300 million. (It’s possible that Beane would have wanted more, but it’s even more possible that they could have gotten him for less.)The difference in performance between the A’s and the Red Sox over that period (where the Sox were as successful as at any point in the franchise’s history, and the A’s were supposedly stagnating after Beane’s early success) has been about 50 games for Boston. Since we don’t know exactly how good Beane would be at procuring additional wins above his Oakland performance, let’s assume that the Red Sox would have had to pay the typical amount teams have paid for wins in the period to make up the difference. According to the year-by-year price of wins from my calculations above, those 50 wins (taking when they happened into account) would have a market value of about $370 million (though this might have been lower with Beane in charge).If we combine these — the price of the A’s performance ($736 million) plus Super-Expensive-Billy-Beane’s salary ($300 million) plus the additional 50 Red Sox wins at high market estimates ($370 million) — merely duplicating their previous level of success still would have saved the Red Sox more than $300 million relative to what they actually spent, and that’s with reasonably conservative assumptions. That’s money they could have pocketed, or spent making themselves even better.In other words, failing to understand Beane’s true value may have cost the Red Sox hundreds of millions of dollars or more. “Moneyball” isn’t just some nerdy obsession that helps a few teams save a bit of money. It’s about more than nickels and dimes; it’s about millions and billions.CORRECTION (July 24, 7:10 p.m.): A footnote in an earlier version of this story misstated the most recent year the Oakland A’s played in the World Series; it was 1990, not 1991. read more

Sibling love Hill joins brother in Columbus

Ohio State basketball is betting on the fact spectators will be seeing a lot of the Hills this season.  No, not the brain-numbing, MTV reality show featuring Lauren Conrad and her catty band, but rather the sibling duo of P.J. Hill, a guard on the men’s basketball team, and his sister Tayler, a newcomer to the OSU women’s basketball team.There are undeniable similarities between the two. Both play guard and took the number four for their jerseys.P.J. Hill has long been a favorite of Buckeye fans. The 6-feet 1 inches guard has made a name for himself by coming off the bench and instantly raising the team’s intensity level with a key steal or assist. This year, Hill is being counted on this season to expand his role.“Last year, a lot of teams got away with not guarding me,” he said. “I took that personally, like ‘you can’t shoot, you’re not effective on offense, you’re not a threat.’ So I took that stuff personally. When I get in the games, I’m going to step up and knock those shots down with confidence. I’m going to be an impact player. I’m going to be a threat on both ends of the court.”While senior Hill enters the final act of his career with the OSU men’s basketball team, freshman Tayler Hill begins hers with the women’s team.Tayler Hill comes to the Buckeyes as one of the most decorated players in Minnesota basketball history. She is Minnesota’s all-time leading scorer in high school basketball, boys and girls, and was selected as a 2009 McDonald’s All American. While leading her team to a state high school championship, she averaged 31.4 points, 7.6 rebounds and 5.7 steals per game. She finished her high school playing career with 3,894 points. She joins a deep, veteran women’s basketball team that has already established leadership. “If Coach [Jim] Foster wants me on the floor, that’s where I’m going to be at,” Hill said. “If he needs me on the bench cheering my team on, then that’s what I’m going to do.”Rather than be daunted by the prospect of becoming another cog in the machine, as opposed to its centerpiece, she is embracing the positives that come with it.“I’m excited,” she said. “There were times when games got tough in high school when I had to have the ball in my hands at all times. I can rely on other players on this team, I can pass and screen away.”The pride Tayler has for her older brother shines through when she speaks of him. His non-traditional path to the OSU basketball team, which saw him transfer before his sophomore year from tiny Midland College, is a lesson to her in persistence.“My brother is my role model,” she said. “Seeing him work every day and keeping the faith that he has, I know that if he can do it, than I can too. If it wasn’t for him, I wouldn’t be where I am right now.”There’s a double meaning in that statement. Although the particulars of P.J.’s role in helping bring Tayler to OSU are unclear, his influence is not.“He was a big factor in this because my brother and I are best friends,” Tayler said. “Knowing I can count on him when things get hard was a really big deal for me.”Foster was guarded in his praise of Tayler Hill.  “She’s talented and she can go up and down the floor,” Foster said. “When you’ve scored 4,000 points in your high school career, how many times have you been on the floor with players better than you?”But her freshman status does not necessarily exclude her from cracking the starting lineup in her first year, as evidenced by the playing time given to Jantel Lavender and Sammy Prahalis in their freshmen campaigns.“If you’re a great player or have the potential to be a great player, room is made for them because they earn it,” Foster said. “We’ll find out.”When asked about P.J.’s role in recruiting Tayler to OSU, Foster was glib.“I would say that he’s not disappointed that his sister’s here,” he said.Junior center Jantel Lavender, the team’s leader on the floor, likes what she sees in Tayler.“She’s a great shooter, she’s a great passer, she’s a great leader and she works extremely hard all the time,” Lavender said of Hill. “Those are the attributes that you need.” read more

Premier Hon Sharlene L Cartwright Robinson and UKOT Leaders meet in London

first_imgDuring the week-long visit, Premier Cartwright Robinson also had three other key engagements: a bilateral meeting with Baroness Anelay on key areas of concern for the Turks and Caicos Islands Government, among which are national security, border protection and policing, human rights concerns and SIPT funding; a meeting with the Minister of State for Security, Hon. Ben Wallace MP on proposed amendments to the Criminal Finances Bill, which if passed in the UK Parliament could see the introduction of open registries in British Overseas Territories sooner than originally anticipated; and an Introduction and Photocall Session and Tour along with the other leaders, with the Rt. Hon. Theresa May MP, The Prime Minister at No. 10 Downing Street in London.While in the UK, the Premier also hosted receptions in London and Manchester, where the she addressed the Turks and Caicos Islands students and diaspora on matters of national priority and the focus of her Government, and further had the opportunity to hear from attendees on matters of interest to them. As an advocate for the development and empowerment of young people, the Premier found the evenings informative and invigorating and noted that she looks forward to engaging with the diaspora further when she next visits London in June of this year for the next OT-EN and Pre-JMC meetings. ALERT # 2 ON POTENTIAL TROPICAL CYCLONE NINE ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY THURSDAY 12TH SEPTEMBER, 2019 AT 9 PM EDT JMC (OT-EN) was hosted by the Rt. Hon. Baroness Anelay of St. Johns DBE Minister of State of the Foreign and Commonwealth Office and Mr. Robin Walker MP, Parliamentary Under Secretary of State, DExEU, and was attended by leaders of twelve members of the Overseas Territories of the United Kingdom Overseas Territories Association (UKOTA) which includes: Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Falkland Islands, Montserrat, St Helena and Ascension Islands, Tristan Da Cunha and The Turks and Caicos Islands. Recommended for you Premier Cartwright-Robinson returned to the TCI to attend the meeting of the House of Assembly that was scheduled on Monday, February 13, 2017 in the capital, Grand Turk. Facebook Twitter Google+LinkedInPinterestWhatsApp The two-day meeting of the JMC (OT-EN), which was agreed in London back in October last year among the Overseas Territories (OT) Leaders during the annual Joint Ministerial Council Meeting as the primary forum for dialogue on the UK’s exit from the EU, sought to facilitate political engagement and collaboration between the UK Government and the Governments of the Overseas Territories to ensure that OT’s requirements are taken into consideration in the preparations of the UK to exit the EU.Among the opportunities presented by the forum was the discussion on areas of opportunity for EU cooperation and collaboration with the OTs that may be affected during the period that the UK remains a member of the EU; the basis for a future relationship between the UK, OTs and EU; and it further provided a road map for future engagement at the Ministerial and Official level to ensure that matters agreed at the forum are upheld during UK negotiations on their exit from the EU.center_img Related Items:#magneticmedianews Facebook Twitter Google+LinkedInPinterestWhatsAppLondon, England, February 16, 2017 – The Premier and Minister of Finance, Investment and Trade, Honourable Sharlene L. Cartwright Robinson, this week joined other leaders of the United Kingdom Overseas Territories (UKOT) in London at an extraordinary Joint Ministerial Council (Overseas Territories – Europe Negotiations) (JMC (OT-EN)) Meeting specifically arranged to begin preliminary negotiations with the United Kingdom (UK) Government in anticipation of the enactment of Article 50 of the Treaty of Lisbon and Britain’s exit from the European Union. Electricity Cost of Service Study among the big agenda items at September 11 Cabinet meeting #MagneticMediaNews The Luxury of Grace Bay in Down Town Provolast_img read more

Marijuana Control Board Shuts Down Frozen Buds

first_imgDestiny and Nick Neade, co-owners of Frozen Buds also had their marijuana handler permits revoked. They do have the option to appeal the board’s decision to the Office of Administrative Hearings. Peter Mlynarik, former chair of the Marijuana Control Board released the following statement in December: “The board found the acts of this licensee especially egregious. The licensee disregarded marijuana industry regulations and put the public at significant risk by selling products that were not safe, tested, or tracked.” Facebook0TwitterEmailPrintFriendly分享The Alaska Marijuana Control Board has unanimously voted to close the doors of a cannabis retail shop in Fairbanks. In addition, the board imposed a $500,000 civil fine and ordered all the products made by Frozen Budz to be seized, both from their product manufacturing facility and from all retail stores that have their products. In 2016, Frozen Budz became the first marijuana shop in Alaska to be approved by the state marijuana board, and on Friday became the first to be shut down by the state. Story as aired: Audio PlayerFrozen-budz-shutdown.mp3VmFrozen-budz-shutdown.mp300:00RPd The board revoked Frozen Buds manufacturing license on December 15, amid allegations that the company falsified records, sold untested products to consumers and sold edibles that had no THC at all. On Friday, January 26, the board voted to shut down the establishment.last_img read more

Budget is a good season for Indias aliens to read the Constitutions

first_imgPassengers wait in front of an income tax billboard at a bus stop in New Delhi, India, September 26, 2016. Picture taken September 26, 2016.Reuters fileThe Budget season is a good time to think over and marvel at the India story. It’s a good time to think about the great Indian loot of the public. The not-so-masqueraded thievery perpetrated on hapless millions by a failed system.No, the aim is not to debunk the great Indian growth story. Not to take the sheen away from the fact that a dirt heap of a nation travelled light years in 70 years of independence to become the sixth largest economy in the world.But the budget is indeed the right time of the year to think about a country that hasn’t yet been claimed by its people. There’s no better season than this to mourn the day light hijacking of the country, hook line and sinker.In this budget too you will see grandiose plans being laid out for the uplift of the poor. That’s a great spectacle. After all we are talking about the biggest bloc of the poor people in the world. More than 300 million by conservative estimates. Has India ever realistically acknowledged the existence of its poor?The Economic Survey 2018, which was unveiled on Tuesday, surprised with practically no mention of the word ‘poverty’. Even the word “poor” found mention only a handful of times, most of the time in an unrelated context.The only time the word “poverty” was mentioned in the humungous document was this, from the State of the Economy chapter: “For all the gloom pervading the world, these are the best of economic times for humanity and especially for those living in poorer countries. The global “bads” – war, violence, deprivation and poverty – are at unprecedentedly low levels (Pinker & Goldstein, 2016; Gates & Gates, 2014).”Skewed understanding of poverty That’s quite a sanguine view of the world. The good times are coming for all, especially for the poor. The multitude of yojanas that offer basic income, employment, toilets, food and education have been up and about for ages but have they helped in reducing the swelling ranks of Indian poor?In India our understanding of poverty is skewed, distorted, prejudiced, and most often it runs counter to basic statistical level-headedness. One of the things that we can expect from this year’s budget is a grand announcement of the Universal Basic Income (UBI) scheme. A grand idea, but in India you must be an idiot to think it will be anything beyond a mere tokenism. Some great election year lip-servicing of the poverty question.If the government indeed announces UBI, how much will that be in Indian conditions? How much money will be seen as enough to ensure respectable life for the teeming millions of Indian poor? Not a fancy sum by any stretch of imagination. According to an IMF projection, India, if ever it’s going to offer the UBI, the amount will never exceed a paltry Rs 2,600 per year. That works out to around Rs 200 per month to make a poor man help live a respectable life — with enough food for the family, a roof above the head and education for the children.The poverty line shamParadoxically, this is quite consistent with the other official views about Indian poverty. Like the poverty line. A 2014 panel headed by former RBI governor C. Rangarajan concluded that anyone who spends above Rs 47 a day in cities and Rs 32 in villages could not be considered as poor. That’s why the government’s old age pension is still Rs 200 per month for those who opt to queue up for it with hands outstretched. That’s why the farm pension and medical support for the rural poor remain a joke even now. The old, the poor, the small-time farmers, the unorganized labourers and the homeless are the dregs and discards of the system.Compare that with how the government is treating its own. According to the government budget data, as much as 20 percent of the government receipts is spent on salaries and pension of around 90 lakh central government employees. If you bundle the debt servicing costs, then the outgo rises to about 75 percent. That means only a meagre 25 percent of the government income is available for everything else, including uplift of the humanity!In states, this ratio is even more lopsided. In Kerala, for example, salaries and pensions gobbled up as much as 53 percent of the total revenues of the state in FY-18.With the government fast becoming a heartless beast existing and thriving for its own sake, the ‘aliens’ are cast further out of the system. After recent hikes following dire protests, millions of Anganwadi teachers in the country, who live in genteel poverty, now get about Rs 5,000 per month as salary. Compare that with the generous hikes for the MPs, judges and those in the top echelons of the government.More than a million famers committed suicide in the last two decades in the country. They quit life after crop losses made it impossible to repay bank loans worth a few lakhs. On the other side, there are sordid stories about thousands of crores of rupees the banks have had to forgo as non-performing assets lost to ruthless corporate fraud.Double jeopardyThe budget season is a good time to think about these anomalies. Earlier iterations of the budget were a splendid sight to watch; the pain of a wholesale loot diluted with generous duty cuts on safety pins, salt, tooth brush and the like. Now that the GST council has taken on this onerous task, all eyes are on the direct taxes.With real hidden wealth going untaxed, the common Indian will only continue to face double jeopardy for decades to come. A budget day is s stark reminder to that fact. What’s the double jeopardy for Indian tax payer? The first is, he is a minority, he’s poorer than those who evade taxes, and yet he must pay up more taxes year after year — direct and indirect — to cover for the parallel black economy that has thrived because an impotent system has failed to track and tax ill-gotten wealth.Public anger is boiling over the rocketing fuel prices. But is there a solution? Everyone knows that half the cost the consumer pays for fuel is government taxes. The government can’t let go of this easy revenue as it has failed to levy real tax from the thriving underground economy. That’s the double jeopardy for those who pay 20 percent or 30 percent of taxes on average annual income of Rs 10 lakh or thereabouts.The taxpayer misery is further aggravated by the booming asset prices fuelled by the underground economy that acts as a receptacle for wealth generated through corruption. That’s a double jeopardy again. The corrupt don’t pay taxes as their transactions are underground, and the ill-gotten money they funnel into the economy causes an asset price bubble that effectively renders the honest taxpayers aliens and beggars in their own country.The right example is the prices in real estate, the easy destination for the decadent wealth generated through corruption. Housing is merely an investment vehicle in our sovereign ‘socialist’ republic, not a roof over the heads of the citizens.The budget season is a right time to thumb through the pages of the Constitution, tarrying a little on the Preamble and its promises.last_img read more