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Alberta economy doing better than expected in June forecast TD economists note

first_imgIn its update report, however, it says the provincial economy appears to have started growing again in recent weeks, based on rising oil exports by pipe and rail, stronger wholesale and manufacturing shipments and a jump in small business confidence.It also cites an improvement in the jobless rate and positive population growth, along with more upbeat trends in Alberta’s stalled retail sales and housing sectors.The economists stop short of an immediate upgrade in their forecast, however, noting the volatility of regional statistics and the newly elected provincial government’s likely move to restrain spending.“All in all, recent encouraging data have added credence to the view that economic growth in Alberta is gaining some traction,” the report says.“While a continuation in this momentum would set the stage for a forecast upgrade, we remain cautious for now.” CALGARY — Economists at TD Bank say they are looking at upgrading their Alberta growth expectations for 2019 as signs point to a more robust than expected recovery from the effects of extreme heavy oil price weakness in late 2018.The bank suggested in a forecast in June that the province’s economy would grow by a “paltry” 0.5 percent this year and a slightly better 2.1 percent next year.It said the province’s mandated oil production curtailments had worked to strengthen heavy oil prices in early 2019 but business and household spending remained hampered by concerns around medium-term energy investment. The Canadian Presslast_img read more

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Consumer forum imposes Rs 10L fine on RN Tagore

first_imgKolkata: The District Consumer Disputes Redressal Forum, South 24-Parganas, has slapped a fine of Rs 10 lakh on the Rabindranath Tagore International Institute of Cardiac Sciences, Mukundapur, and its three doctors whose alleged negligence led to the death of a patient.The consumer disputes redressal forum instructed the private hospital authorities and the doctors to pay the compensation to the family members of the victim within a month from the date of issuance of the order, failing which they will have to bear an interest rate of 8 per cent till the full realisation of the fine amount. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaThe victim, Ranjan Sil, a resident of Regent Park area in the city had undergone an open heart surgery way back in 2010. Two years after the surgery, the patient developed a problem in his left leg and eventually he could not move his leg. His health condition deteriorated further and he started having respiratory problems coupled with chest pain in October 2013. He was then admitted to Rabindranath Tagore International Institute of Cardiac Sciences and the doctors prescribed to put him in the ICU. Also Read – Bengal civic volunteer dies in road mishap on national highwayThe doctors in the hospital told the family members of the patient that he had some infection in his chest and some fluid was traced in his chest. They also assured the family members that fluid can be removed through medicines and the patient will recover. The patient was transferred to the general ward without the fluid being removed from his chest. The doctors suggested that the fluids in the chest would be removed through medicines. In the next month, the doctors decided to conduct a surgery extract the fluid. The hospital asked the family members to pay nearly Rs 3 lakh for the surgery. The doctors conducted the surgery on November 5, 2013. A day after the operation was conducted on the patient, his condition deteriorated. On November 7, 2013, the doctors said blood had clotted in his lung and the patient needed to be operated once again. On the next day the operation was conducted for the second time. The opinion was divided between the two sets of doctors where a dialysis would be conducted on the patient as the patient was not passing adequate urine. On November 11, 2013, the hospital authorities told the family members of the victim that the he had died. On January 21, 2015, the victim’s wife lodged a complaint with the District Consumer Disputes Redressal Forum.last_img read more

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SC rejects plea seeking puja on Ayodhya sites

first_imgNew Delhi: “You will never let this country remain in peace,” the Supreme Court said Friday while dismissing a plea seeking permission to carry out religious activities in nine ancient temples situated on the undisputed acquired land adjacent to Ram Janambhoomi-Babri Masjid site at Ayodhya.”There will always be something,” said a bench comprising Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna. The bench was hearing an appeal filed against the January 10 order of the Lucknow bench of the Allahabad High Court, which had dismissed the plea seeking its nod to offer prayer in the nine temples there and had also imposed a cost of Rs 5 lakh on the petitioner. Also Read – Uddhav bats for ‘Sena CM’The apex court, while hearing the appeal, told petitioner Pandit Amar Nath Misra to “stop poking” around with the issue. Misra, who is a social activist, had claimed before the high court that authorities have turned a “blind eye” to the initiation of religious activities in ancient temples which are situated on the acquired but undisputed land in Ayodhya since last 25 years. The apex court recently appointed a panel of mediators headed by former top court judge Justice F M I Kalifulla for exploring the possibility of an amicable settlement to the vexatious land dispute. Also Read – Farooq demands unconditional release of all detainees in J&KSpiritual guru and founder of Art of Living foundation Sri Sri Ravishankar and senior advocate Sriram Panchu, a renowned mediator, are the other two members of the panel of mediators. Fourteen appeals have been filed in the apex court against the 2010 Allahabad High Court judgment, delivered in four civil suits, that the 2.77-acre land in Ayodhya be partitioned equally among the three parties — the Sunni Waqf Board, the Nirmohi Akhara and Ram Lalla. On December 6, 1992, the Babri Masjid, constructed at the disputed site in the 16th century by Shia Muslim Mir Baqi, was demolished.last_img read more

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Sensex, Nifty hit record highs on earnings, monsoon optimism

first_imgMumbai: Equity benchmark Sensex rallied about 370 points to scale a record closing high of 39,275.64 as investors’ sentiment got further boost from forecast of a near-normal monsoon and a bumper start of corporate earnings season. Similarly, the broader NSE Nifty surged 97 points to close at a fresh high of 11,787.15. Rising for the fourth straight session, the 30-share BSE Sensex also marked its intra-day record of 39,364.34. The rally was mainly driven by financial, consumer durables, auto and oil and gas stocks. Also Read – Thermal coal import may surpass 200 MT this fiscal Top gainers in the Sensex pack were IndusInd Bank, ICICI Bank, ONGC, L&T, Maruti, Asian Paints, Bajaj Auto, Hero MotoCorp, M&M, Kotak Bank, TCS and Axis Bank, ending up to 3.96 per cent higher. On the other hand, PowerGrid, Infosys, Tata Motors and Coal India close up to 0.63 per cent lower. “Market rallied to a new high supported by optimism over quarter earnings and positive global market. A better monsoon outlook from IMD provided relief to investors, who are keen on earnings outcome to accumulate quality stocks despite election led volatility,” Vinod Nair, Head of Research, Geojit Financial Services Ltd, said. Elsewhere in Asia, markets in Japan, China and Korea ended on a positive note. In Europe, bourses in Germany, France and the UK were trading in the positive terrain in early deals. Global crude oil benchmark Brent futures fell 0.11 per cent to USD 71.10 per barrel. Meanwhile, the Indian rupee depreciated 24 paise to 69.67 against the US dollar intra-day.last_img read more

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Articles 35A, 370 required to be scrapped: Santosh Hegde

first_imgHyderabad: Retired Supreme Court judge N Santosh Hegde Tuesday said Articles 35A and 370, giving special status to Jammu and Kashmir, are required to be scrapped as they run counter to the rights of other states. He said in 1948 when the Maharaja of Kashmir agreed to merge the state of Kashmir with India, certain assurances were given to the people by introducing Article 35A and Article 370 of the Constitution. Though the wording of this looks like the assurance is “permanent”, in the background in which it was given and the consequential things that have happened in the nation indicate it’s not possible to continue these articles because if Kashmir is an integral part of India, it can’t have a separate status compared to other states, Hegde said. Also Read – Uddhav bats for ‘Sena CM’ “So, in today’s context both the articles are causing a lot of problems for the country as a whole”, the former Solicitor General of India told PTI in an interview. “So, I don’t think it’s possible to continue that article”. He said “today’s situation” requires those articles to be scrapped because certain autonomy given under that Act would run counter to the rights of other states and if Kashmir is an integral part of India, then it must have only an equal status with others. Also Read – Farooq demands unconditional release of all detainees in J&K “I think 70 years have gone by…whatever was the purpose of those articles…according to me, it has served that purpose. Therefore, now it can’t be said that Kashmir is not an integral part of India. Therefore, these two articles do not have any place in the constitution anymore”, the former Karnataka Lokayukta said. Article 370 grants special status to J&K and 35A prohibits outsiders from purchasing land and property in that state. The BJP has in its election manifesto promised to repeal the articles if it retains power after the Lok Sabha polls. Meanwhile, referring to campaigning by political parties for the ongoing Lok Sabha elections, Hegde, a former Advocate General of Karnataka, said “We have come to the lowest possible standards in our electioneering now”. Hegde mentioned in particular controversial comments made by Union Minister Maneka Gandhi regarding “minorities’ votes” and Samajwadi Party leader Azam Khan on his BJP opponent and film actor Jaya Prada. “Politics is in the lowest ebb possible today. I think unless there is a change in the thinking and moral standard of these politicians go up, I think we are in big trouble in the days to come”, he said. Irrespective of political parties, some of their members have gone to such a level that they don’t deserve to be in politics, he said. “And this is not the political campaign India would have expected from its leaders. It’s a very cheap and low level of campaigning, without any moral standards”, he said. “Unfortunately, it’s not confined to only one political party. Every day standard is coming so low, it’s a very sad thing that in a country of values like India, that we have to suffer this”, Hegde said.last_img read more

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Congress has won elections in Delhi more times than it has faced defeat: Sheila

first_imgNEW DELHI: The Congress has won elections in Delhi more times than it has faced defeat, says former chief minister Sheila Dikshit though she does not want to speculate on the number of seats the party will win in the national Capital. She says she will be satisfied only if the party romps home in all seven Lok Sabha constituencies in Delhi but a “clearer picture” on which party is leading in the city will emerge in the next 8-10 days.Eight-one-year-old Dikshit, who is involved in a keen contest in the North East Delhi seat against Delhi BJP chief and sitting MP Manoj Tiwari and AAP candidate Dilip Pandey, has been busy campaigning for the polls. “I never rest during daytime. I am contesting parliamentary elections after a long time but I am used to election campaigning. The most important thing is to reach out to the people,” said Dikshit. Also Read – Odd-Even: CM seeks transport dept’s views on exemption to women, two wheelers, CNG vehiclesDikshit, who opposed an alliance with the AAP, says, “The Congress is an old party. It has always fought on its own in Delhi and won (elections) more often than it lost. But that is the game of politics. So, I felt we should not ally with a party (AAP) which is confined to one area (Delhi).” She justifies her stand saying, “We are contesting in all seven seats. If an alliance had happened, we would have got 2-4 seats only.” Dikshit successfully led the Congress in the 1998, 2003 and 2008 Assembly polls, but the party suffered a rout in the 2013 elections under her. The Congress could not even open its account in the 2014 Lok Sabha and the 2015 Assembly elections. Asked about her rival Tiwari, she says, “I do not even know him.”last_img read more

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5 things we saw between Ohio State and Maryland

OSU redshirt junior linebacker Craig Fada (38) celebrates during OSU’s 49-28 victory over Maryland on Oct. 10.Credit: Samantha Hollingshead / Photo EditorBefore Ohio State’s 49-28 victory over Maryland, The Lantern’s sports editors Ryan Cooper and Kevin Stankiewicz gave the five things they would be looking for on Saturday. Here is what came of those five items.Can OSU convert on third down?Coming into Saturday, OSU had successfully converted just 23 of 66 third-down attempts — a mark that ranked 103rd nationally.OSU coach Urban Meyer said during the week that the Buckeyes would have to improve their third-down opportunities in order to run a more efficient offense — and they did just that against Maryland.The combination of redshirt junior Cardale Jones and redshirt sophomore J.T. Barrett at quarterback combined to convert five of 11 third downs, plus a fourth down.Early in the game, OSU was tested with a 3rd-and-16 after Barrett came in for Jones near the red zone. Barrett threw his first pass attempt of the game with a strike to redshirt junior receiver Michael Thomas for 20 yards and a first down.That conversion ended up leading to a touchdown run to tie the game at 7-7, and is even bigger when considering that redshirt senior kicker Jack Willoughby has missed all three of his kicks from more than 31 yards away, including a wide-left 44-yarder on Saturday.PenaltiesGetting flagged for mistakes due to both over-aggressiveness and lack of discipline was another item Meyer said concerned the coaching staff on both offense and defense.While an improvement over the eight penalties for 109 yards the week before against Indiana, the coach likely still wasn’t pleased with the performance in avoiding the laundry.The Buckeyes were flagged six times for a total of 45 yards on Saturday, including four by the offensive line.Redshirt senior Chase Farris, redshirt sophomore Billy Price and redshirt sophomore Evan Lisle were whistled for false starts. Additionally, senior center Jacoby Boren was called for a hold, which negated a positive run and led to Willoughby eventually missing the field goal.The other two penalties came on the defensive side of the ball, namely by junior defensive end Joey Bosa. First came an offsides penalty on Maryland’s first drive, then a nearly critical one on the first drive of the second half.Bosa flew in with a late two-handed shove to the helmet of Maryland redshirt junior quarterback Perry Hills, immediately drawing a 15-yard penalty for roughing the passer. That wasn’t all, however, as Bosa was also tabbed with targeting, meaning a possible ejection from the remainder of the contest.An automatic review of the targeting call led the referees to overturn it, allowing Bosa to stay in the game. The Terrapins ended up finding the end zone and tying the game at 21.Will Curtis Samuel factor in more?After having only one touch against Indiana, sophomore H-back Curtis Samuel equaled that low number on Saturday.Meyer said after the Indiana game that Samuel was limited in practice leading up to the game because of back spasms. It remains unclear if that ailment resurfaced or if he was just unable to generate any offense.A carry for one yard on OSU’s second possession marked the extent of Samuel’s offensive day.With just two runs for five yards making up the last two games for the Brooklyn, New York, product, it is possible that he is simply falling out of the offensive picture for the time being.Red zoneAgainst Indiana, the Buckeyes did not score a touchdown in any of their three trips to the red zone. They came away with two field goals and a turnover, dropping their scoring rate to just 75 percent overall and 37.5 percent of trips resulting in touchdowns.That negative statistic turned completely on its head Saturday.The Buckeyes went to the red zone six times, and came away with 42 of its 49 points by scoring touchdowns every time.A big reason for that success was the implementation of a quarterback system that saw Barrett check in for Jones when OSU got near or in the red zone. Of the Buckeyes’ six red-zone scores, five came with Barrett at the helm — three rushing touchdowns by Barrett and two by junior running back Ezekiel Elliott.In the postgame press conference, Meyer was asked about the team going six for six in the red zone. Meyer asked for the question to be repeated, only to quip, “I heard you the first time. I just wanted you to say it again.”It truly was music to the coach’s ears, and should be an enormous difference-maker for the offense if it keeps up at anywhere near that success rate.Total turnoversThough OSU and Maryland came in as two of the worst teams in the country in terms of coughing up turnovers, each kept it mostly clean on Saturday.Maryland — which came into the game with 17 turnovers including 15 interceptions, both the worst in the nation — did not allow any turnovers until toward the end of the game.At that point with the game already out of reach, the wheels came off, as Hills was intercepted on consecutive possessions.Redshirt junior safety Tyvis Powell grabbed the first on an errant throw right into his lap for his second interception of the year and seventh of his career. Four plays into the Terrapins’ next possession, redshirt freshman defensive end Sam Hubbard dropped into coverage and snagged his first collegiate interception.To the Buckeyes’ credit, they did not allow a single turnover after coming into the game with 13, the ninth-most through five weeks.The only major mistake came late in the game, when a shotgun snap flew over Barrett’s head and traveled 25 yards downfield back into OSU territory. Barrett fell on the ball to avoid a turnover, but it took the Buckeyes out of field-goal range. Had the scoreboard not read 49-28, it could have stood as a costly error. Regardless, Saturday’s contest was a big step for multiple facets of the heavily scrutinized OSU offense. read more

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Commentary NFL lockout in full swing only matter of time before NBA

The NBA is changing. For one, there is an imminent lockout. Owners want to find ways to make even more money. Players are quite happy with the current collective-bargaining agreement, and who can blame them for wanting to keep a system that can net Travis Outlaw a four-year, $28 million contract and Amir Johnson $34 million over five years? That’s highway robbery. But the association is also seeing a changing of the guard in terms of its upper echelon of teams. The San Antonio Spurs, Los Angeles Lakers and Boston Celtics, who have combined to win 10 of the past 12 NBA titles, are officially in decline. Their championship dreams have been locked out. The No. 1-seeded Spurs were stunned by the upstart No. 8 Memphis Grizzlies in the opening round. The wheels on their Tim-Duncan-Manu-Ginobili-Tony-Parker machine have significant wear and tear. Rarely are all three healthy at once, and their roster lacks young talent. The Lakers were embarrassed in a four-game sweep at the hands of the Dallas Mavericks. Kobe Bryant, L.A.’s fading superstar, must find away to reinvigorate himself, his team and the organization, especially considering the Lakers’ legendary coach, Phil Jackson, appears to have paced the sidelines for the last time. Boston’s loss at home to the Heat in Game 4 sealed its fate, as this was its last legitimate shot at another ring. Its bench has been transformed into an infirmary and it, too, probably will lose its title-winning coach, Doc Rivers, after the season. Of course, everything is cyclical in the NBA. Magic’s Lakers and Bird’s Celtics gave way to Isiah’s Pistons, who were eventually topped by Jordan’s Bulls. The Spurs started their run the year after Jordan’s second retirement in 1998, ironically after a lockout shortened the regular season to 50 games. So, who are the teams next in line to carry the NBA’s mantle? I give you the Miami Heat, the Chicago Bulls and the Oklahoma City Thunder. The Heat, spearheaded by their 2 1/2 superstars, will continue to attract other talented teammates to South Beach. Dwyane Wade and LeBron James are just hitting their peak years and should be even better in the future, after going through mutual struggles in year one of their grand experiment. Derrick Rose, the MVP, will continue his ascent to stardom and attempt to lead his defensive-minded Bulls back to their former glory, reached under His Airness. And finally, the Thunder, who not only play as if they love one another but perform in a town that loves them back. The parts are all there for a title run, but one question remains: Can Kevin Durant, the NBA’s scoring champ and the anti-LeBron, coexist with his headstrong, ultra-athletic point guard, Russell Westbrook? Fans may have to wait to see all of this unfold. It’s virtually certain there will be a lockout. Let’s hope it doesn’t last long enough to rob fans of seeing a new era of great basketball teams. read more

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Everton Koeman in contract row

first_imgEverton are currently involved in a bitter row with their former manager Ronald Koeman with the Premier League side still paying the majority of his wages for the NetherlandsThe Holland manager was made one of the highest paid managers in the Premier League in June 2016, when he accepted a new three year contract worth £6m a year from Everton.But despite that, Koeman was fired in October 2017 with the club lying in the relegation zone following a poor start to the season. Since then, the former Barcelona player has been appointed the new coach of the Dutch national side.Jose Mourinho is sold on Lampard succeeding at Chelsea Tomás Pavel Ibarra Meda – September 14, 2019 Jose Mourinho wanted to give his two cents on Frank Lampard’s odds as the new Chelsea FC manager, he thinks he will succeed.There really…But the Liverpool Echo has now revealed that the Dutch FA are only paying for less than 10% of his wages due to the settlement he made with Everton following his dismissal.But Everton are believed to be livid with the arrangement after learning of Koeman’s salary with Holland and have begun legal proceedings against their former manager.Previously, Belgium coach Roberto Martinez received a £10m payout from the club following his own dismissal prior to Koeman’s appointment after extensive negotiations with Everton’s lawyers.last_img read more

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Burnley boss Joe Hart deserves England recall

first_imgSean Dyche believes that goalkeeper Joe Hart has earned a recall into the England squad after an impressive start at BurnleyThe latest selection for the Three Lions is set to be announced on Thursday with Hart hoping to be among the names on the list to face Croatia and Spain in the UEFA Nations League.The former Manchester City keeper was left out of the World Cup team by head coach Gareth Southgate, but has done well at Turf Moor since arriving in the summer.“Gareth Southgate is someone I respect and he’ll make his own mind up about it,” Dyche told talkSPORT.“The noise from the World Cup was that he wants to go into a new direction with a younger band of players and develop them, understandably.“But, I think you equally need experience.Jadon Sancho, Borussia DortmundCrouch: Liverpool could beat Man United to Jadon Sancho Andrew Smyth – September 14, 2019 Peter Crouch wouldn’t be surprised to see Jadon Sancho end up at Liverpool one day instead of his long-term pursuers Manchester United.“I’m in a great situation at Burnley with not just Joe coming in, but with Nick Pope and season he had and then going to World Cup and Tom Heaton, who is a fantastic goalie and professional.“I’ve got a really good group of goalies, without a doubt.”The Burnley coach added: “Joe has done really, really well. He’s fitted in really nicely. He just wanted to come in and get on with it and enjoy his football.“The main thing at his age is he wants to be challenged and be in a good environment, and I think he’s got that at Burnley.”Hart has made 75 appearances for England at international level.last_img read more

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