Samsung Galaxy M20 vs Asus ZenFone Max Pro M2: Brain goes against brawn

first_imgSince the last few weeks, Samsung has been going gaga over its brand new Galaxy M series smartphones. The company has been stressing highly that the new Galaxy M series is designed for millennials, while indirectly, it’s Samsung’s deadly weapon against the arsenal of various smartphone manufacturers such as Xiaomi, Honor, Motorola, Asus and even Nokia. The Galaxy M20 is the most expensive model in the M series for now. Starting at Rs 10,990, the Galaxy M20 goes up against popular offerings from Nokia, Asus and Xiaomi.The top-end variant of the Galaxy M20 costs Rs 12,990, which is similar to the entry-level variant of the Asus ZenFone Max Pro M2. The Max Pro M2 came out late last year and has proven to be the smartphone of choice for power users under Rs 15,000. The Max Pro M2 is the only smartphone in its category to offer Gorilla Glass 6 protection. Equipped with a Snapdragon 660 chip and a stock Android interface, the Max Pro M2 is easily one of the best affordable smartphones you can buy right now.Therefore, if you have Rs 12,990 to spare on a smartphone, which one would you prefer? I took both the Galaxy M20 and Max Pro M2 out for a spin for a few days and here’s how they compared.Design and build — Samsung impresses highlyThe sub-Rs 15,000 category now demands companies to offer attractive designs inspired from flagship smartphones. Samsung goes for the trend with the Galaxy M20 with a vertically stacked dual rear camera setup and an oval-shaped fingerprint scanner on the glossy plastic body. The plastic unibody design makes the M20 look smooth and elegant with lesser lines of separation. The M20 offers a 3.5mm headphone jack, a single loudspeaker and a USB-C port. Wait, what?advertisementA USB-C port on a budget Samsung smartphone? The Galaxy M20 has broken Samsung’s norm of reserving modern features only for flagships. Wonder what else is modern? The display. The Galaxy M20 sports a modern narrow-bezel display with a water drop notch on top. This is one of the first Samsung phones to feature a notch. Samsung has also reduced the chin drastically, which is appreciable for a smartphone with an LCD display. The ZenFone Max Pro M2, on the other hand, grabs eyeballs with Asus’ trademark reflective gradient on the plastic rear panel. In fact, it’s difficult not to get distracted the when the phone is kept flat on its face. The vertically-aligned dual camera module resembles a triple camera setup, which also adds to the looks. Asus’ cost-cutting measure is evident elsewhere a micro USB port on a 2019 midrange smartphone feels archaic. Also, the front of the phone features a notched display with a thick chin and big bathtub notch. With Gorilla Glass 6, the display should hold up well against scratches and damage when its dropped. However, our review unit sustained some scratchesboth on the display as well as the rear panel, when I was using it as my daily driver hence, get a screen guard and a case.Out of the two, the Galaxy M20 easily feels more modern with its minimalist approach to styling and a narrow-bezel display. However, the Max Pro M2 is a better bet for show-offs. My money would go for the Galaxy M20, considering my preference for understated designs.Display — both are equally goodI will make it short both the Galaxy M20 and Max Pro M2 look equally good in their own ways. The 6.3-inch TFT display on the Galaxy M20 renders vibrant colours with high contrasts that resembles Samsung’s AMOLED panels from other premium Samsung phones. The waterdrop notch and the narrow chin makes for an uninterrupted viewing experience, especially while streaming YouTube videos.The ZenFone Max Pro M2 has chunkier bezels, but the IPS LCD panel renders equally vibrant colours with similarly high contrasts. The bigger notch and chin make the phone a bit bulkier, even as it sports an equally big 6.3-inch display. However, I felt the Max Pro M2’s touch sensitivity is a tad better than that of the Galaxy M20’s display.Performance — You can’t beat muscle with smartnessThe Galaxy M20 debuts Samsung’s new Exynos 7904 chipset. This is an octa-core chip, with the processor consisting of 2 Cortex-A73 cores and 6 Cortex-A53 cores. With a Mali G71-2 GPU, the Galaxy M20 looks like a fairly competent performer. And for the most part, it does. Samsung’s Exynos processors are always well optimised and the Exynos 7904 handles most daily tasks thrown at it with ease. The Mali G71-2 GPU is not meant for gaming, but I was still able to play PUBG MOBILE in low graphics with medium frame rates. However, I wish Samsung offered a louder speaker on the M20.advertisement As for the ZenFone Max Pro M2, the fast and reliable performance doesn’t surprise. The Snapdragon 660, despite being a chip from 2017, can handle regular tasks without even batting an eyelid. The Adreno 512 GPU is very powerful I was able to play PUBG MOBILE in medium settings for longer sessions with absolute ease. The base variant with 3GB RAM may not hold as many apps as the Galaxy M20’s 4GB RAM, but in my daily usage, I never found it to lag or force close apps.Software — Samsung shows stock Android can be beatenThe Galaxy M20 cracks it with the software too. Yes, it runs on an old Android 8.1 Oreo in 2019, but the Samsung Experience 9.5 skin on top is, in my opinion, one of the most polished UI’s in sub-Rs 15,000 smartphones. The layout is spacious while fonts are easy to rear. The entire UI is snappy and unlike previous Samsung phones, the bloat is minimal. I spent an entire week with the phone and never did I felt installing a third-party launcher. Well done Samsung. The Max Pro M2 relies on a stock AOSP launcher based on Android 8.1 Oreo as well. While the stock UI is fast and fluid, it lacks the polish that Samsung packs in the M20’s UI. It feels rough around the edges, especially with disproportionate icons. For power users, this is exceptional as there’s no bloat or nonsensical apps to deal with. But I feel Asus could have used an Android One ROM for a more polished experience. Maybe the Android Pie update could offer a fix.Camera — Samsung knows what Indians wantSamsung has been promoting the wide-angle camera in the Galaxy M20’s marketing efforts. However, the standard 13-megapixel camera impresses more than the wide-angle camera. Especially when you compare it with the Asus phone, the Galaxy M20’s camera comes across as the better one. In daylight, photos are sharp and images exhibit vibrant colours. On occasions, I found the camera oversaturating the colours a little, but I was impressed with the outcome every time so did my friends. Low light performance is decent as the camera suppresses noise to make for useable photos. Sadly, the 8-megapixel selfie camera has some room to be improved.The ZenFone Max Pro M2 has received several camera updates that claim performance improvements. However, our review unit hasn’t received any update so far. Hence, the Max Pro M2’s camera performs similarly to what I wrote in my review two months ago. Daylight photos are good but sharpness is lost up to an extent. As for low light, the camera neither impresses with noise reduction nor with detail retention. The 13-megapixel selfie camera does a good job of retaining details as well as a wide dynamic range.advertisementOne thing’s clear — both these phones still can’t beat the Redmi Note 6 Pro in terms of camera performance.Battery — Goodbye power banks Both the ZenFone Max Pro M2 and Galaxy M20 feature a 5000mAh battery. And both of them can easily last more than an entire day after a full charge. Even with heavy usage, I was able to make it to the end of the day before I was hunting for the charger. The Samsung galaxy M20 does have an advantage though it comes with support for 15W fast charging, which should charge it faster than the Max Pro M2’s battery with its 10W fast charging support.ZenFone Max Pro M2 vs Galaxy M20 — And the winner is…After going through some key parameters, the Samsung Galaxy M20 comes across easily as the better option of the two. Samsung has heard and obliged to the market’s demands a very good display with a tiny notch, big battery with fast charging support and pleasant user experience. The Galaxy M20 has been designed smartly to keep up with India’s demands specifically.The ZenFone Max Pro M2 has its own advantages though the robust performance and a stock Android interface. The Max Pro M2 is for anyone who prioritises raw performance over everything else PUBG lovers on a budget shouldn’t look any further. However, even as a power user, I felt Asus launched an unfinished product and it requires more polishing to make it an unbeatable choice.ALSO READ | Asus Zenfone Max Pro M2 review: Fast hardware, crazy good battery helps it compete with Redmi Note 6 ProALSO READ | Samsung Galaxy M20 review: Great display, superb battery life make for a good startALSO READ | Asus Zenfone Max M2 quick review: Big screen, big battery, two cameras at a bargainlast_img read more

40 Predictions for 2011 Part II

first_imgPhoto Attribution: Icon SMIIn case you missed it on Tuesday I put out my first ten predictions for the 2011 season including one in which Justin Blackmon doesn’t lead this team in catches (you can kill me in the comments). 11. OSU will finish higher in both the AP and Coaches polls than they start – Yes, they’ve started in the top ten before, but this year feels different. It is different. That ’09 team was dazzling and electric, but this team is nasty. There’s a tangible difference.12. Brandon Weeden will break the completion percentage record he set last year of .669 – Last year he shattered the former record, that had only been raised .1% in the last 22 years, by a staggering 2%. That’s going up again. 70% isn’t unattainable.13. Four guys will top 50 catches this year – Last year only two did (Blackmon and Cooper). This year I think they’ll repeat and you can throw Randle and pick one from Anyiam, Moore, Stewart, and Harrison.14. This year’s team will go for it on fourth down at least 20 times – Last year’s squad went 7-15 in such instances. I just think there’s a trust factor between the coaches and the offense that wasn’t there for the totality of the 2010 season. If the ball is past midfield and it’s not a tight game in the 4th, I don’t see Gundy not going for it.15. Jeremy Smith will lead the team in total TDs – I think we’ve already established that I don’t see Blackmon having as big of a year as he did last year (not that anyone should be disappointed with something along the lines of 80 | 1,500 | 14) and I think Smith is going to get a ton of chances to punch it in. I also think he’s one of the five players OSU can least afford to lose. 16. Herschel Sims will rush for more yards this year than Joseph Randle did last year (463) – Monken is going to run it and he’s got a wicked trio of back with which to do it. Sims won’t be as important as Randle was last year, but he’s going to blow people away when he’s in there.17. We won’t see the gray jerseys more than once this year – And I think it’ll be at home against Arizona. 18. Brandon Weeden will be in New York City on December 10 – I know I wrote this summer that OSU should focus its Heisman campaign solely on Blackmon, but the more I think about it the more convinced I am that Weeden is going to have a Heisman-worthy year. 19. Shaun Lewis will lead the team in tackles (but he won’t break 100) – I say that mostly because there’s so much parity at LB. Nobody’s going to pull an Orie and have 133 tackles this year. Lewis is going to be an All-Big 12 player this year though and he’ll have the resume to back it up.20. Mike Gundy will go back-to-back Big 12 coach of the year – It’s one thing to do it from out of nowhere with nobody gunning for you and it’s a completely other to do it with everyone chasing you down. Just ask Bob Stoops.To see the full series of 40 predictions (only 20 of which I’ve published so far) you can go here. To see our series on who’s in the way of #1 go here. And if you’re interested in who I think are the 20 most important people to an OSU title run go here.If you’re looking for the comments section, it has moved to our forum, The Chamber. You can go there to comment and holler about these articles, specifically in these threads. You can register for a free account right here and will need one to comment.If you’re wondering why we decided to do this, we wrote about that here. Thank you and cheers!last_img read more

Report: Atletico 2 Real Sociedad 1

first_imgAtletico Madrid 2 Real Sociedad 1: Last-gasp Griezmann winner cuts gap to Barca Chris Myson Last updated 1 year ago 01:11 12/3/17 Griezmann - Cropped Twitter @Atleti Atletico Madrid closed in on LaLiga leaders Barcelona as they defeated Real Sociedad, courtesy of a last-gasp Antoine Griezmann effort. Antoine Griezmann scored a dramatic winner with two minutes remaining as Atletico Madrid salvaged a 2-1 comeback victory over Real Sociedad in LaLiga.The France international did not celebrate against his former club as Atletico continued their unbeaten start to the league season and closed the deficit to Barcelona to six points after the leaders drew 2-2 with Celta Vigo earlier on Saturday.Willian Jose scored his seventh league goal of the season with a first-half penalty as Real threatened a shock victory. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player But Filipe Luis responded after the break by netting for the first time since April as Atletico’s club-record beginning to a LaLiga campaign progressed to 14 matches without defeat.An inspired goalkeeping performance from Geronimo Rulli looked like it would deny Atleti a winner until Griemzann bundled in from close range in the final moments, giving the in-form hosts a fifth win in six matches across all competitions.Real sit seventh, 11 points behind Atletico, after a run of only one win in six league games.Antoine Griezmann strikes late to hand Atleti a dramatic win! #AtletiRealSociedad 2-1— LaLiga (@LaLigaEN) December 2, 2017Atletico squandered an early chance when Kevin Gameiro broke the offside trap but took too long to pull the trigger, eventually opting to pass to Griezmann in a worse position.Real were next to threaten when Thomas Partey, playing at right-back, lost possession in a dangerous area, allowing Xabi Prieto to set up Willian Jose, who could only blaze his left-footed strike over from 12 yards.Willian Jose turned creator when his cross found Prieto at the far post in the visitors’ next attack, but a combination of goalkeeper Jan Oblak and a backtracking Filipe Luis denied the Real captain.The visitors were on top and their spot-kick was awarded when Mikel Oyarzabal latched on to David Zurutuza’s throughball and attempted to round Oblak, who was adjudged to have fouled the winger.Willian Jose took the 29th-minute penalty and drilled his effort past Oblak, the keeper guessing the wrong way.1 – Jan Oblak has conceded his first penalty as @Atleti player in La Liga while Rulli is the keeper with the most penalties conceded since they both arrived at La Liga on 2014. Punishment— OptaJose (@OptaJose) December 2, 2017.@willianjose19 scores in a 4th consecutive #LaLiga game for the first time in his career… and @RealSociedadEN lead at the Wanda @Metropolitano! #AtletiRealSociedad— LaLiga (@LaLigaEN) December 2, 2017Gameiro and Gabi presented Angel Correa with two superb opportunities in quick succession to bring Atletico level before half-time, but away shot-stopper Rulli saved with his legs on both occasions to frustrate the hosts.Correa’s woes continued after the break when, having been provided a glorious chance by a passing move that finished with Koke playing him in, he somehow skied his close-range finish with Rulli on the way down and almost the whole goal to aim at.There was more frustration for the hosts when Griezmann volleyed into the top corner only for an offside flag to deny him, while the France international had another effort saved soon after, as did Koke.Atletico got a deserved equaliser after 63 minutes when Saul Niguez’s deep cross found Filipe Luis and the full-back turned inside Prieto and lashed an accurate finish into the far corner with his weaker right foot from 12 yards.Prieto collected Oyarzabal’s delivery and fired over from a good chance at the other end, but Atletico were dominant after the break and only more heroics from a diving Rulli denied Griezmann from heading in.Diego Simeone brought on Yannick Carrasco and Fernando Torres as he searched for a winner, with Rulli keeping out an acrobatic effort from the latter shortly after his arrival, while Zurutuza was off-target with a free header for Real as the match entered its closing stages.It looked like there would be no winner for either side until Saul’s looping, deflected header led to a sliding Griezmann converting from a yard out at the far post for his fourth goal in three games in all competitions, delighting the Wanda Metropolitano crowd. Key Opta facts:- Atletico Madrid have equalled their longest ever unbeaten run in LaLiga (W11 D7), recorded twice previously (18 in 1991 and 1941).- Atletico have won four points in the last five minutes of matches, the most for a team in this period in LaLiga this season.- Geronimo Rulli made eight saves, the most for a keeper versus Atletico in LaLiga this term.- Jan Oblak has conceded his first LaLiga penalty as an Atletico player. read morelast_img read more

Aker Arctic Joins Novy Port Project

first_img Print  Close zoom Finland’s engineering company Aker Arctic has signed a cooperation agreement with the South Korean shipbuilder Samsung Heavy Industries (SHI) for the assistance in the design of the tankers for the Arctic project Novy Port.Novy Port is a new loading terminal development, planned in the Gulf of Ob, which will be used for oil shipments from a nearby oil field to Murmansk. Gazprom Neft will construct the loading terminal and Samsung Heavy Industries has been contracted to construct six tankers for the oil shipments. A cooperation agreement was signed with Aker Arctic, which includes model tests for the tankers and assistance in the design.Two icebreakers based on Aker ARC 130 A concept developed by Aker Arctic will be constructed for assisting the tankers in the harbour and on their route to the terminal and during loading operations. Russia’s Vyborg Shipyard will built the icebreakers.The first vessel with similar concept (Aker ARC 130) is currently being built in Finland for the Finnish Transport Agency and will be the first LNG-fuelled icebreaker. The icebreakers for Gazprom Neft will be slightly different as they will not use LNG as fuel and will have a stronger hull and more power than the Finnish icebreaker.The icebreaker BaltikaAker Arctic has also recently completed sea trials of its oblique icebreaking rescue vessel Baltika, the first ship ever built with an asymmetric hull that allows her to break ice not only ahead and astern, but also sideways.Baltika is owned by the Federal Agency for Maritime and River Transport of Russia (Rosmorrechflot) and operated by the Russian Marine Emergency Rescue Service (FGI Gosmorspassluzhba). My locationcenter_img 此页面无法正确加载 Google 地图。您是否拥有此网站?确定last_img read more

Hearing into Sexual Orientation Complaint Continues

first_imgThe independent board of inquiry considering the human rights complaint of Lindsay Jane Willow will resume on Sunday, Jan. 29. The rare Sunday session is needed to meet scheduling requirements. The board of inquiry resumes at 9:30 a.m. in Room 303 of the Dalhousie University Student Union Building, 6136 University Ave., Halifax. It continues Monday, Jan. 30, and Tuesday, Jan. 31, beginning at 9:30 a.m. each day, in the same location. The board is considering whether Ms. Willow was discriminated against because of sexual orientation by Halifax Regional School Board and two teachers at Halifax West High School. -30-last_img read more

Will start shooting of film under my production house by this year

first_imgMumbai: Actress Katrina Kaif who is gearing up for the release of her forthcoming film ‘Bharat’, hopes that she will start shooting of the film under her production house by this year. Katrina was interacting with the media to promote ‘Bharat’ on Friday in Mumbai. There were reports that Katrina Kaif has bought the rights of the French film ‘He Loves Me He Loves Me Not’ a while go but the project couldn’t take shape earlier due to undisclosed reasons. However, it has now taken off and is being developed. Also Read – ‘Will be acting till I die’ Notably, Katrina is the latest leading Bollywood heroine to get into production. Actresses Priyanka Chopra (Purple Pebble Pictures), Anushka Sharma (Clean Slate Films) and Swara Bhasker (Kahaaniwaaley) already have their production houses going, ensuring a greater, better presentation of women in Indian cinema. Talking about the development, Katrina said, “That French film is a story on which we are working on for quite a sometime. It’s not a French film actually but there were few ideas which had come to me. I really liked it and I might put my name to it as a producer. I would like to put my name for which I feel very strongly about. There are few discussions happening so, hopefully this year will start shooting for the film.” Also Read – ‘Always looking for that one great love’ Katrina is one of the actors who joined social media very recently but in short span of time, she has millions of followers on multiple social media platforms, when asked Katrina how she feels about it, she said, “I am happy. I think its been a nice decision for me. I don’t know why I was stressed about it. I was really against coming on social media. I remember when Twitter first came to India, my manager told me that Twitter wants me to join this platform and that time, it was an endorsement kind of a thing and nowadays, everybody is posting on Twitter for free and I was not much interested in coming on this platform and now everybody is on Twitter so, I feel sometimes I lack foresight and the vision.” Katrina added, “For me, the deciding factor to join social media was there was a phase where everything I was reading about myself, I was like this is not a correct representation of me and I used to feel very helpless about it. Then, I started thinking about why it is happening with me more so than other people then, I realised that everyone has a platform on which they used to speak so that made me join social media.” Salman Khan and Katrina Kaif starrer ‘Bharat’ is a period drama film written and directed by Ali Abbas Zafar. It is jointly produced by Atul Agnihotri, Alvira Khan Agnihotri, Bhushan Kumar, Krishan Kumar, Nikhil Namit and Salman Khan under the banners Reel Life Productions, Salman Khan Films and T-Series. The film also stars Tabu, Disha Patani and Jackie Shroff in important roles. ‘Bharat’ is scheduled to be theatrically released in India on June 5, 2019, on the occasion of Eid al-Fitr.last_img read more

Prince William Shows Attitude Against Bullying

first_imgAppearing on the cover of the upcoming July issue of gay magazine Attitude, Prince William used the opportunity to discuss bullying, in particular of the LGBT+ community in which more than double the number of straight people attempt to commit suicide.Prince William invited Attitude to Kensington Palace, along with several members of the LGBT+ community, to discuss their experiences in dealing with bullying and the mental health consequences, such as low self-esteem, depression and drug addiction, that bullying can lead to.“No one should be bullied for their sexuality or any other reason,” Prince William told Attitude, “and no one should have to put up with the kind of hate that these young people have endured in their lives.”He found the youths that he met for the project to be brave in speaking out and giving hope to others who are being bullied: “Their sense of strength and optimism should give us all encouragement to stand up to bullying wherever we see it.”Prince William advises those being bullied to reach out, even if it’s to a help line: “Don’t put up with it – speak to a trusted adult, a friend, a teacher, Childline, Diana Award or some other service and get the help you need. You should be proud of the person you are and you have nothing to be ashamed of.”Copyright ©2016Look to the Starslast_img read more

King Mohammed VIs Lawyer Explains the Charges Faced by Eric Laurent

Miami – On Thursday, French authorities arrested former French journalists, Eric Laurent and Catherine Graciet under charges of attempted blackmail against Moroccan King Mohammed VI.Laurent and Graciet have reportedly written a book about the King named and were demanding 3 million Euros in exchange for not publishing it.In an interview with French TV channel LCI, King Mohammed VI’s French lawyer, Eric Dupont-Moretti, explains the charges and what the future could look like for these two journalists who have extorted a King in power. The journalists remain in custody at the BRDP Anti-Crime Unit in Paris (Brigade de Répression de la Délinquance contre la Personne). Dupont-Moretti talked in detail about the alleged book. “We know there is no sensational fact in it. There’s absolutely nothing to say”.Laurent had previously written a book praising King Hassan II, now he writes another one supposedly bashing King Mohammed VI. “All this is extremely disturbing. The Kingdom of Morocco has no choice but to react to this type of process. It is the first time in history that a journalist blackmails an executive in office”, declared Dupont-Moretti.The French lawyer also questioned Laurent and Graciet’s motives. What is their true agenda? Are they being manipulated by a group? But more importantly, Dupont-Moretti brings up “terrorism” as a possible ulterior motive. He claims, “The geopolitical consequences of this type of scam are considerable”.While pointing out that he does not know if the French Minister of Justice has been fully informed of the case nor what the judges will decide, the King’s lawyer stresses that “there is sufficient evidence in the investigation to confidently have [them] face trial at the earliest; they are filmed, registered and signed”.These journalists could face France’s penal code, where extortion is penalized with up to 7 years in jail and a 100,000 Euro fine. Charges for blackmailing are also punished with up to 5 years in jail and a 75,000 Euro fine.Dupont-Moretti said that King Mohammed VI has placed his trust in the French justice to properly handle this incident. read more

Morocco to Buy Russian S400 Air Defense Missiles

Rabat – Morocco will soon acquire an S-400 air defense system from Russia, reported Russian media on November 9. The mighty ground-to-air missiles are meant to reinforce the kingdom’s military anti-aircraft defense. What started as media speculations during the visit of Russian Prime Minister Dmitry Medvedev are turning out to be more than mere rumors. Last October, the two countries signed 11 agreements, and while Medvedev announced Russia’s decision to “deliver military equipment” to Morocco, the prime minister did not disclose the nature of these products. As talks about purchase of military weapons were widely relayed by local and international media, it is the Russian press that confirmed the news yesterday, by announcing that Morocco will soon acquire S-400 batteries. The anti-aircraft and missile defense system includes radars that would be able to shoot 80 targets and control up to 160 missiles, explained the source. This new asset will provide an edge to Morocco’s army defense capabilities, as the Russian system has a range of 400 kilometers and can shoot down up to 80 targets simultaneously, aiming two missiles at each one.The S-400 can also destroy stealth aircraft, cruise and ballistic missiles, drones and other airborne surveillance systems at a 3,500-kilometer distance, at a speed of 4.8 kilometers per second.  The missile’s long-range surveillance radar tracks objects and relays information to the command vehicle, which assesses potential targets. When a target is identified, the command vehicle offers the missile launch. The launch data is then sent to the best-placed launch vehicle, which it releases surface-to-air missiles. The engagement radar helps guide the missiles towards the chosen target.While the cost of this new deal have not been disclosed by the source, in September, Turkey had acquired the same S-400 anti-aircraft missiles at EUR 2.14 billion. Turkey is not the only one to possess this type of weapon. Algeria and China also acquired the Russian missiles, while Saudi Arabia and India are planning to purchase it as well. read more

Banking industry faces calls for tougher regulation after massive loss at JPMorgan

by News Staff Posted May 11, 2012 5:33 pm MDT WASHINGTON – JPMorgan Chase faced intense criticism Friday for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.More than three years after the financial industry almost collapsed, the colossal misfire was cited as proof that big banks still do not understand the threats posed by their own speculation.“It just shows they can’t manage risk — and if JPMorgan can’t, no one can,” said Simon Johnson, the former chief economist for the International Monetary Fund.JPMorgan is the largest bank in the United States and was the only major bank to remain profitable during the 2008 financial crisis. That lent credibility to its tough-talking CEO, Jamie Dimon, as he opposed stricter regulation in the aftermath.But Dimon’s contention that the $2 billion loss came from a hedging strategy that backfired, not an opportunistic bet with the bank’s own money, faced doubt on Friday, if not outright ridicule.“This is not a hedge,” said Sen. Carl Levin, D-Michigan, chair of a subcommittee that investigated the crisis. He said the trades were instead a “major bet” on the direction of the economy, as published reports suggested.On Friday, Dimon told NBC News, for an interview airing Sunday on “Meet the Press,” that he did not know whether JPMorgan had broken any laws or regulatory rules. He said the bank was “totally open” to regulators.The head of the Securities and Exchange Commission, Mary Schapiro, told reporters that the agency was focused on the JPMorgan loss but declined to comment further.JPMorgan’s disclosure Thursday recharged a debate about how to ensure that banks are strong and competitive without allowing them to become so big and complex that they threaten the financial system when they falter.The JPMorgan loss did not cause anything close to the panic that followed the September 2008 failure of the Lehman Brothers investment bank. But it shook the confidence of the financial industry.Within minutes after trading began on Wall Street, JPMorgan stock had lost almost 10 per cent, wiping out about $15 billion in market value. It closed down 9.3 per cent. Fitch Ratings also downgraded the bank’s credit rating by one notch.Morgan Stanley and Citigroup closed down more than 4 per cent, and Goldman Sachs closed down almost 4 per cent. The broader stock market was down only slightly for the day.Dimon gave few details about the trades Thursday beyond saying they involved “synthetic credit positions,” a type of the complex financial instruments known as derivatives.Enhanced oversight of derivatives was a pillar of the 2010 financial overhaul law, known as Dodd-Frank, but the implementation has been delayed repeatedly and will not take effect until the end of this year at the earliest.JPMorgan’s trades show that the derivatives market remains too opaque for regulators to oversee effectively, said Rep. Barney Frank, one of the law’s namesakes.“When a supposedly responsible, well-run organization could make such an enormous mistake with derivatives, that really blows up the argument, ‘Oh, leave us alone, we don’t need you to regulate us,’” he said.Criticism of the bank did not stop with its traditional chorus of detractors. It also came from Sen. Bob Corker, R-Tennessee, a prominent member of the Senate Banking Committee who has received $10,000 since January 2011 from JPMorgan’s political action committee, the most any candidate has received.Corker, a leader of a failed effort last year to block a Federal Reserve rule that slashed bank profits from debit cards, called for a hearing “as expeditiously as possible” into the events surrounding JPMorgan’s loss.Tim Ryan, president of the Securities Industry and Financial Markets Association, a trade group, said it was imposible to legislate or regulate risk out of the financial system.“My hope is that this is viewed as bona fide hedging, but it went wrong,” he said in an interview. “A mistake was made. Money is going to be lost. It’s not customer money. It’s not government money. It’s JPMorgan’s money, the shareholders of JPMorgan.”No one seemed to suggest Friday that JPMorgan had broken a law. But the mistake added a wrinkle to the still-unsettled discussion about how the financial industry should be regulated in the aftermath of 2008.“This just tells you that we are a long, long way from getting our arms around this whole ‘too big to fail’ issue,” said Cliff Rossi, a former top risk executive for Citigroup, Countrywide and other big financial companies.Immediately after the crisis, a time of popular outrage over bailouts and investment losses, there was broad public support for an overhaul of bank regulations.The changes promoted by the Obama administration were in many cases similar to what the financial industry had sought before the crisis: Consolidation of regulators and oversight of the multi-trillion-dollar marketplace for derivatives.Regulators are still drafting hundreds of rules under the 2010 law. As Wall Street has returned to record profits, and executives to million-dollar bonuses, banks have fought to soften those rules.In particular, the industry has fought hard against a few provisions that might have prevented the problems at JPMorgan.One is the so-called Volcker rule, which will prohibit banks from trading for their own profit. The rule is still being written, and the Federal Reserve has said it will begin enforcement in 2014.JPMorgan said that its bets were made only to hedge against financial risk. Dimon conceded that the strategy was “egregious” and poorly monitored. But analysts, former bank executives and many lawmakers disagreed.“This is an exact description of proprietary trading-style activity,” Sen. Jeff Merkley told reporters Friday. “This really is a textbook illustration of why we need a strong Volcker rule firewall.”Nancy Bush, a longtime bank analyst at NAB Research and a contributing editor at SNL Financial, said the trades probably crossed that line because they were making money for JPMorgan.“So they made money on hedges and then they hedged some more,” she said. “At some point it goes from being a hedge to being a moneymaker.”JPMorgan was seen as a saviour of weaker banks during the financial crisis and the only big bank to escape relatively unscathed. His reputation enhanced, Dimon, 56, has been emboldened to challenge efforts to toughen regulation.In an interview with the Fox Business Network earlier this year, Dimon said that Paul Volcker, the former Federal Reserve chairman for whom the rule is named “doesn’t understand capital markets.”Last year, he questioned the current Fed chair, Ben Bernanke, about the rules and said they might be delaying the recovering of the financial system and the broader economy.“Has anyone bothered to study the cumulative effect of all these things?” he asked.Dimon, who grew up in the Queens borough of New York and was groomed by the former Citigroup chief executive Sanford Weill, has also chafed against Occupy Wall Street protesters.“Acting like everyone who’s been successful is bad and that everyone who is rich is bad — I just don’t get it,” he said at a conference earlier this year.On Thursday, at about the same time he was breaking news of the $2 billion loss to Wall Street, Dimon sent an email to JPMorgan’s 270,000 worldwide employees assuring them that the company was “very strong.”___AP Business Writer Marcy Gordon, AP Business Writer Pallavi Gogoi and Associated Press writer Jack Gillum contributed to this report.Daniel Wagner can be reached at Banking industry faces calls for tougher regulation after massive loss at JPMorgan AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Moms Muffins and Mounds of Reading at Creekview Elementary

Moms of eager Creekview students were welcomed to the school’s cafeteria on Jan. 11 for the Muffins with Moms event.The event was organized by the school’s PTA and took place before the first bell. Moms sat with their children and read them books while enjoying muffins and conversation.Next up for the Creekview Chiefs is the Donuts with Dads event. Originally scheduled for Friday morning, the PTA rescheduled the event following the snow day that called for school to be cancelled before the holiday weekend. Dads of Creekview students will instead be welcomed on Tuesday morning for the reading event. read more

MusicNoon performances nearing end of season

As the 2017-18 academic year nears its end, so do the RBC Foundation Music@Noon recitals.Tuesday, March 27 in the Cairns Recital Hall at FirstOntario Performing Arts Centre marks the second to last Music@Noon recital until next year. The performance will include a Music@Noon debut by Gavino Orchesta on the guitar and Ruth Jones on the piano. Music@Noon veterans also taking the stage on Tuesday are pianists Divya Iyer and Kayla Whipple, and four graduating students, pianist Michele Braun, and vocalists William Sadler, Emily Stockwell and Awura-Adwoa Bonsu. read more

HSBC to offer customers choice of ten titles to show they are

first_img“This was demonstrated earlier this year by Lloyds Banking Group, who came number one in our top 100 LGBT inclusive employers in Britain”. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. The new titles are available to people who do not identify as a particular gender, or who do not want to be identified by gender. They include Ind, which stands for “individual”, Mre, which is short for “mystery” and Pr which means “person”. The titles, which come in today, will be applied across a customer’s account, including their bank cards and correspondence.LGBT charities welcomed the move and praised the banking sector in general for taking “huge strides” to making people with transgender issues feel valued.A Stonewall spokesperson said: “It’s great to see an increasing number of organisations prioritise issues affecting trans people. The banking sector has taken huge strides towards making lesbian, gay, bi and trans employees and customers feel valued.  transgender But the move was met with criticism from some Christian groups, who suggested the new titles were simply a PR stunt to make the bank appear socially progressive. Andrea Minichiello Williams, chief executive Denial of Christian Concern, described HSBC’s gender neutral titles as a “denial of reality”.She said: “This plays into the hands of a new political ideology. HSBC thinks this is progressive but it is actually regressive and absurd and will confuse people. I think its sad if people want ‘mystery’ as a title. It is a denial of reality.””Major public institutions are beginning to pander to this latest fad of political orthodoxy for fear of being seen as illiberal.” Stuart Barette, trans lead for the HSBC UK Pride network, said: “We are a commercial enterprise and we want to appeal to all our customers. If we don’t improve then the transgender community won’t bank with us and we don’t want that.”This is what our trans customers have been hoping for as they want their identities to be better represented in the community. Ultimately this isn’t us trying to lay claim to the ground and do a PR stunt, this is a genuine effort.” Last year Metro Bank became the first UK banks to welcome customers who don’t identify as male or female. The decision came about after Scottish teenager, Kaelin Farnish, raised concerns about not being able to be recognized as non-binary when trying to open a bank account.HSBC added that it has also made it easier for customers who wish to change their gender on their bank account. It said customers simply need to bring a passport, driving licence or birth certificate that supports the change of gender to update their details in branch. A retired industrial photographer formally known as Peter has come out as transgender at the age of 90 and is now thought to be the UK’s oldest transgender personCredit: Mikey Jones/Mercury Press Show more For most people it takes nothing more than a mindless flick of a pen, but for thousands of people in the transgender community selecting an appropriate title when filling out forms is not so simple. When asked to choose between ticking “Mr, Mrs, Miss or Ms”, many individuals who do not identify with a particular gender have for decades felt forced into choosing the wrong box.But finally it appears that their voice is starting to be heard and the conundrum addressed.In 2015 a new gender neutral title ‘Mx’ joined the usual honorifics on driving licences and other official documents in what was the first change to officially recognized titles in living memory.And now one of Britain’s biggest banks, HSBC, has gone further, by offering customers the widest ever choice of titles as it has unveiled a selection of ten gender neutral options.last_img read more

Leigh Creek Energy a new SA gas from coal power supplier

first_imgSouth Australia is on the verge of achieving two key milestones in which the old Leigh Creek coalfield will be used to deliver a fresh source of gas and energy products into the national power grid.Addressing the second day today of the two day Paydirt 2018 South Australian Resources and Energy Investment Conference in Adelaide, Leigh Creek Energy Managing Director, Phil Staveley, said the company is on track to commence this quarter, a pre-commercial demonstration of its in situ gasification (ISG) demonstration plant under construction currently on the former coal mine site.Subject to a positive outcome of the planned 60-90 day demonstration trial to produce syngas, this should lead to an anticipated upgrade to reserve, of the project’s 2C unconventional gas resource.The demonstration plant includes the construction of an above ground plant and the establishment of a below ground single ISG gasifier chamber. The demonstration plant will be commissioned and operated for a short period (some two to three months) to produce syngas, so that the technical and environmental performance of the process can be analysed.The flagship Leigh Creek project has an estimated resource of 2,964 petajoules (PJ) – equivalent to about 7.8% of the east coast’s 2C gas resources of 38,600PJ and delivering a potential 30 year plus life. Its syngas can be converted into power, natural gas, petrochemical and agricultural products.“We have recently secured the key environmental approval for the demonstration to go ahead and that has substantially derisked the test schedule,” Staveley said. “The pre-commercial demonstration will commence shortly from what is arguably the best ISG site in the world.“It has the correct geological setting, and we are deploying industry best practices to ensure Leigh Creek remains one of the world’s most low risk ISG commercial operations.”Leigh Creek Energy is looking to final feasibility, approvals, FEED and offtake conclusions through calendar 2019 to facilitate a Final Investment Decision and start to construction of the project’s main power station, in 2020.The information gained from the demonstration will be used in feasibility studies for the commercial phase of the project.For the demonstration project, the ISG configuration will consist of two wells drilled into a deep coal seam over 500 m below the surface, one for an inlet well for the addition of air and water, and the other for the outlet well for the extraction of synthesis gas (syngas).A combination of one horizontal well and one vertical well will be used for the demonstration plant gasifier to create a direct linked system in which the two wells meet. Hydraulic fracturing (fracking), a well stimulation technique in which rock is fractured by a pressurised liquid, will not be used to connect the inlet and outlet wells.The inlet and outlet wells have been designed to meet international petroleum industry standards for the pressures, temperatures, operational stresses and loads that will occur during operation of the gasifier.The demonstration project is regulated as an exploration activity under the Petroleum and Geothermal Energy Act 2000 and as an exploration activity the syngas produced is unable to be sold for commercial use, and will therefore be treated on site in a thermal oxidiser as part of the process.last_img read more

Birds Eye says products containing horse DNA came from Ireland

first_imgUpdated, 12:52BIRDS EYE HAS said products which were found to contain horse DNA originated from a meat processing plant in Ireland.In a statement this morning, the company said it had carried out an investigation into all its beef products after it withdrew spaghetti bolognese and beef lasagne from shelves in Ireland, the UK and Belgium on 22 February following tests which found horse DNA.Birds Eye said the investigation found that Frigilunch NV, the company which supplied the meat products for the lasagne and bolognese, got its meat from Irish meat processor QK Meats, which is based in Naas in Kildare.Frigilunch has now suspended QK meats as a supplier.The Food Safety Authority of Ireland has been informed of the findings.Birds Eye says it has now tested all products “multiple times through multiple samples” over a period of four weeks and says all products have been given the all clear.“We feel the same as our customers do – this should never of [sic] happened, but now that it has, it is up to us to make sure we do all we can to avoid it happening again,” the company said.It has introduced a ‘triple lock’ DNA testing programme which it says will ensure no minced beef meat product will reach supermarket shelves without first having been through three stages of DNA testing.Birds Eye says it has agreed with all of its suppliers that they will carry out DNA tests on all meat as it enters and leaves their premises.In response, QK Meats said it had “never knowingly incorporated horsemeat into any of its beef products” throughout its 25 years in business.“QK Meats has launched a full investigation into its supply chain,” it said.Additional reporting by Gavan ReillyRead: FSAI says 29 out of 634 beef products tested positive for horsemeat > Read: Icelandic tests reveal beef pie has… no meat content whatsoever >last_img read more

Gunmen kidnap two foreign tourists in Yemen

first_imgGUNMEN KIDNAPPED TWO foreign tourists believed to be South Africans from the central Yemeni city of Taiz on Monday, a security official said.The captives, a man and a woman, were seized while they were outside a hotel in the eastern part of the city, the official said, requesting anonymity.The unidentified kidnappers took their captives to an unknown destination, the official said.Although kidnappings of foreigners in Yemen are frequent, Taiz — one of the country’s major cities — has not been the scene of hostage-taking.Hundreds of people have been abducted in Yemen over the past 15 years, almost all of who have been freed unharmed.Most kidnappings of foreigners are carried out by members of Yemen’s powerful tribes who use them as bargaining chips in disputes with the central government.Earlier this month, tribesmen in south Yemen freed three employees of the International Committee of the Red Cross, including a Swiss citizen and a Kenyan along with two Egyptian hostages.The men who were held for few days, were released following tribal mediations.- © AFP, 2013Read: Protesters storm US Embassy in YemenRead: Al Qaeda’s second-in-command in Yemen killed says country’s militaryRead: Yemen: 42 killed in suicide bombinglast_img read more

Edouard expecting tougher test against Leipzig

first_imgCeltic striker, Odsonne Edouard has warned teammates to expect a tougher test when they face RB Leipzig in the UEFA Europa League on Thursday, following their 5-0 drubbing of Hearts.The Scottish champions require a victory over the Leipzig on Thursday evening to maintain genuine hope of progression from Europa League Group B.Edouard scored twice in Saturday’s 5-0 thrashing of Premiership leaders Hearts and believes his side are in a good place to try and salvage their continental ambitions.“I think it will be a totally different game to the match in Germany,” said the French striker, according to Daily Mail.“It is a home match for us so it is going to be totally different.”Mikey Johnston, CelticJohnston is disappointed after being injured Manuel R. Medina – September 11, 2019 Celtic winger Mikey Johnston was disappointed to miss Scotland Under 21 national team’s victories over San Marino and Croatia, and he hopes he can return to play soon.“We want to win every match so that will be the same on Thursday evening against Leipzig. We know that this is a really important game for us, so we want to go into it with the best approach and the best mindset.”“There is a good dynamic about the team at the moment and we are in good form. We are always working harder to get better and trying to improve our standards to get the wins.”Filip Benkovic, James Forrest and Ryan Christie were also on the scoresheet against Hearts as the Bhoys delivered a significant victory on Saturday.“I think we have shown over the past seven years that we are the best team and we want to keep that up for as long as we can,” added the 20-year-old Frenchman, who now has 11 goals for the season.”“For me, I feel good physically right now. The same goes for the whole team, too. I just try to do as well as I can in each match to help the team win.”last_img read more

CartwrightRobinson 11th Caribbean Woman Head of State

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp #MagneticMediaNews Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, December 27, 2016 –Two days to a history making day in Turks and Caicos politics being solidified as the first female premier will lead Government business in the House of Assembly when Parliament opens this coming Thursday.  It would mark two weeks since victory at the polls for the People’s Democratic Movement, which secured 10 of 15 seats.  Sharlene Cartwright-Robinson is a pioneering woman in the Turks and Caicos Islands, who has long been racking up outstanding performances.    A former head girl, valedictorian, winner of the Governor’s Cup for top CXC results, a Constitutional crafter and scholar – having sat on three review bodies; an attorney by profession, a founding president of the TCI Cancer Foundation in Grand Turk, first woman in Kiwanis Grand Turk and once head of the Baptist Union Youth Department for the entire Caribbean region, Robinson is a wife and mother of two daughters and is also credited with being the first female leader of the Opposition in the TCI.  Regionally, she is making news too as the first female premier of the Turks and Caicos, who is also Bahamian born to Turks and Caicos Islands parents, having lived the first six years of her life in The Bahamas. At just 45 years old Robinson is the 11th Caribbean woman to achieve head of state; Dominica was first in 1980, Haiti and Bermuda have each seen it done three times, Jamaica has had it twice with the same woman and both Guyana and Trinidad and Tobago have had women run the country.  Women make up 40% of the elected members of this new TCI House of Assembly; three from the PNP and three from the PDM.  The Luxury of Grace Bay in Down Town Provo Recommended for youcenter_img Electricity Cost of Service Study among the big agenda items at September 11 Cabinet meeting Related Items:#magneticmedianews ALERT # 2 ON POTENTIAL TROPICAL CYCLONE NINE ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY THURSDAY 12TH SEPTEMBER, 2019 AT 9 PM EDTlast_img read more

The job market Fed faces healing but still ailing

first_imgWASHINGTON — Just how sturdy is the U.S. job market?That’s the key question the Federal Reserve will face when it decides later this month whether to reduce its economic stimulus.The answer depends on where you look.The economy has added jobs for 35 straight months. Unemployment has reached a 41/2-year low of 7.3 percent. Layoffs are dwindling.Yet other barometers of the job market point to chronic weakness:The pace of hiring remains tepid. Job growth is concentrated in lower-paying industries. The economy is 1.9 million jobs shy of its pre-recession level — and that’s not counting the additional jobs needed to meet population growth. Nearly 4.3 million people have been unemployed at least six months.What’s more, employers have little incentive to raise pay. Many unhappy employees have nowhere else to go.Still, when it meets Sept. 17-18, the Fed is expected to reduce its $85 billion a month in bond purchases by perhaps $10 billion. Its purchases have helped keep home-loan and other borrowing rates low to try to encourage consumers and businesses to borrow and spend more.Here’s a look at the job market’s vital signs as the Fed’s decision nears:UNEMPLOYMENTThe unemployment rate slid in August to 7.3 percent, its lowest level since December 2008. Unemployment had peaked in October 2009 at 10 percent and has since fallen more or less steadily. Since then, the number of people who say they have jobs has risen by 5.7 million. And the number of those who say they’re unemployed has dropped by nearly 4.1 million.That’s the good news behind the tumbling unemployment rate.But the rate has been falling, in part, for a bad reason: People are dropping out of the labor force. Once people without a job stop looking for one, the government no longer counts them as unemployed.Some are retiring. Some are young adults who have chosen to go to college rather than brave a tough job market. Some have gone on disability. And some have given up the job search, discouraged by repeated rejections.last_img read more

Florida jail explosion kills 2 injures more than 100

first_imgPENSACOLA, Fla. — The jail already had two feet of water in the basement from the record-setting rains when an apparent gas explosion leveled the inside of the building, killing two inmates and injuring more than 180 other people, officials said Thursday. In the rubble and chaos, inmates were trapped and had to be rescued. Others were treated for their injuries in the parking lot. In all, 600 inmates rushed out of the jail. The injured were taken by bus to hospitals while the others were sent to nearby jails. Authorities lost track of three inmates in the confusion, but by late afternoon, they were confident everyone was accounted for.Inmate Monique Barnes told The Associated Press by telephone that she was knocked off her fourth-floor bunk. “The explosion shook us so hard it was like we were in an earthquake,” Barnes said. “It was like a movie, a horrible, horrible movie.”Pieces of glass, brick and inmates’ flip-flops were strewn about on the ground outside the jail. The front of the building appeared bowed, with cracks throughout.Barnes, who spoke to AP after she was taken to another jail, said she and other inmates complained of smelling gas ahead of the blast, and some reported headaches.last_img read more