CLICK HERE if you are having a problem viewing the photos or videos on a mobile devicePHOENIX — Major League Baseball’s August 31 waiver deadline created intrigue, suspense and above all, a massive amount of confusion.Most San Francisco Giants fans (and most beat writers) couldn’t explain the intricacies of the late-summer waiver deadline, but everyone knows the impact Cody Ross had after the club acquired him following the July 31 non-waiver deadline in 2010.The Giants placed a waiver …
Gordhan said that he and Marcus had agreed that an ongoing assessment, discussion and commentary about the Reserve Bank’s monetary policy by analysts and those in the public, was constructive for the emergence of “social consensus” in this area in the long run. The government has no plans to fix the rand to a pre-determined exchange rate, Finance Minister Pravin Gordhan said in his maiden Budget speech in Parliament, Cape Town on Wednesday, adding that the Reserve Bank would continue to pursue an inflation target of between 3% and 6%. 17 February 2010 He pointed out that long-term measures to make the rand more competitive included ensuring a lower wage inflation, running lower budget deficits, building larger reserves and developing a “more flexible and dynamic economy”. “[South African Reserve Bank] Governor [Gill] Marcus and I have agreed that monetary policy should be conducted in a consistent and transparent manner within a flexible inflation targeting framework,” Gordhan said, adding that the Reserve Bank would take a more central role in ensuring financial stability. Stimulating investment Turning to the rand, Gordhan said: “We agreed that we need a stable and competitive real exchange rate, though in today’s world this cannot be translated into a straightforward fixed price of the rand.” The interest rate is currently at 7%, while CPI inflation declined from a peak of 13.6% in August 2008 to 6.3% in December last year, as petrol prices fell and food prices moderated. This in turn stimulates investment, employment and competitiveness, particularly among exporters and those industries relying on imports. “We have therefore agreed with the Reserve Bank that we will continue to take steps to counter the volatility of the exchange rate and to lean against the wind during periods of rapid capital inflows, including reserve accumulation and further exchange control reform.” While a low inflation rate can help guard the living standards of the poor, the government argues that a lower and stable rate of inflation reduces the long-term cost of borrowing and provides confidence about the future. ‘Stable, competitive, real exchange rate’ He said the government was concerned that rapid capital inflows that may be required to sustain investment spending have the unintended consequence of appreciating the currency. Source: BuaNews
Infraco is tasked to improve broadband connectivity across South Africa. (Image: Bongani Nkosi) David Smith, Infraco’s CEO, said they want to become a top broadband wholesaler. (Image: Broadband Infraco) MEDIA CONTACTS • Fahim Mohamed Company Secretary Broadband Infraco +27 11 235 1760 RELATED ARTICLES • Main One boosts Africa’s broadband • Eassy to go live soon • Broadband boost as Eassy hits SA • Wacs cable gets the green light Bongani NkosiBroadband Infraco, the state-owned ICT enterprise formed in 2006, will introduce its long-awaited internet services to the South African market in November 2010.“We’re launching our broadband capacity network,” said Infraco’s account manager Charmaine Fredericks in an interview on the sidelines of the My Broadband conference in Midrand on 20 October.The parastatal will now have access to an approximately 12 125km fibre-optic cable and other telecommunications infrastructure, which have been used exclusively by Neotel over the past four years.The infrastructure is owned by the government due to it being laid by state-owned enterprises Eskom and Transtel. It has since been transferred to Infraco, but Infraco couldn’t use it as Neotel was the sole licensee.“We’ve had the network for the last four years, but we couldn’t operate on it. We got our operational licence last year from Icasa,” said Fredericks.“Neotel’s role as the network’s sole custodian comes to an end soon and that’s why we’re launching. We can now go commercial and bring customers on board,” she added.Infraco has been improving the network’s infrastructure over the last four years, while Neotel has maintained the existing system, according to Fredericks.The infrastructure initially offered 2.5 gigabits per second bandwidth speed, but it’s been upgraded to offer 10 gigabits per second.The network’s services now also cover the border areas of South Africa. “The network is quite a lot bigger than what we had when Neotel started,” said Fredericks.A new connection ring has been included, meaning “when one ring fails, we connect to another so that traffic is not disturbed”.“There’s a lot that we’ve done in the past five years to prepare us for our day of launch,” Fredericks added.The Department of Public Enterprises owns 74% of the national broadband utility, while the Industrial Development Corporation (IDC) owns the other 26%. The IDC is also a state entity.Open-access wholesalerAs a broadband wholesaler, Infraco will not offer services directly to end-user customers, but rather to internet service providers. “Our aim is to be the wholesale provider of choice to our customers,” CEO David Smith said at the My Broadband conference.It’s an open-access service provider which will enable the government to offer nation-wide connectivity at a lower cost and lead to investments in building the country’s long-distance fibre-optic networks.Infraco’s primary mandate is to get providers to cover areas in South Africa that are currently not served or underserved. “We want to become a carrier of carriers,” said Fredericks.It has set up a number of broadband Points of Presence (POPs) across the country, which are now connected to the national network. The POPs include various small towns and rural areas like Ermelo, Mahamba Border, Beit Bridge, Newcastle, Onseepkans and Zimbane.According to Fredericks, the government has identified 37 such places where connectivity must be fast-tracked. “We will provide connectivity from the closest POP in that underserved area.“Then we’ll be looking for partnerships with internet service providers, like Internet Solutions or iBurst, to service the areas,” Fredericks said.“We are trying to get as many providers as possible into the network, so that connectivity prices can come down,” she added.West African cable systemBroadband Infraco’s network services will receive a major boost when the West Africa Cable System (WACS) it has invested in comes on stream.WACS will land in Yzerfontein along the Western Cape coast and is expected to go live by July 2011.The much-anticipated marine cable will connect South Africa directly with the UK, and will have landing stations in Portugal and along the coastlines of various West African countries.“WACS will be massive. Major operators like MTN and Vodacom have also invested in WACS,” Fredericks said.
Aaron Wan-Bissaka sees his future at Crystal Palaceby Paul Vegas10 months agoSend to a friendShare the loveAaron Wan-Bissaka insists he sees his future at Crystal Palace.Looking to the next challenge, away to league champions Manchester City, Wan-Bissaka is upbeat.“It’s the same as other games, it makes no difference to me. I just play my game, put the effort in and work hard. I know I’ll learn something from [playing versus Leroy Sane et al], to help me in the future. They’re smart players, we’ve got to be smart as well. We’ll look to gamble, as they look to take their chances.”Asked about 2019, Wan-Bissaka sees his future at Palace. “My aim is to keep my position, and to keep improving.” TagsTransfersAbout the authorPaul VegasShare the loveHave your say
INDIANAPOLIS – APRIL 03: Head coach Mike Krzyzewski of the Duke Blue Devils gestures as he coaches in the first half against the West Virginia Mountaineers during the National Semifinal game of the 2010 NCAA Division I Men’s Basketball Championship at Lucas Oil Stadium on April 3, 2010 in Indianapolis, Indiana. (Photo by Andy Lyons/Getty Images)No. 4 Duke defeated Georgia Tech 72-66 at home last night. The victory gave Blue Devils head coach Mike Krzyzewski his 423rd career ACC victory, surpassing Dean Smith for the most all-time. After the game, Krzyzewski addressed the crowd as part of a ceremony honoring his 1,000th-career win, which came against St. John’s on Jan. 25. As part of the tribute, the Duke players all wore “Coach 1K” shirts, with the number 1 embedded as part of the letter K. Krzyzewski touched on both milestones during his time on the mic, and thanked the Cameron crowd for its support. There might not be any more coach in American more synonymous with his program than Krzyzewski is with Duke basketball. Pretty cool moment.
APTN National NewsJust before the opening of the Canadian Museum for Human Rights recently members of Shoal Lake rallied to be heard.They want to be seen too – as a regular exhibit at the museum.For over 100 years residents of the Manitoba First Nation, about 200 km east of Winnipeg, have been living in forced isolation.There’s no running water or sewage.According to APTN’s Dennis Ward meetings between the chief and museum officials are underway.
LIMA, Peru – Thousands of miles from home, Vice-President Mike Pence was thrust into a new, more immediate, role on the world stage Saturday: explaining President Donald Trump’s military strike in Syria to a summit of Latin America leaders.Hours after Trump hailed the missile strike targeting the Syria’s suspected chemical weapons — tweeting, “Mission Accomplished!” — Pence defended the president while building support among U.S. allies for the joint strikes with Britain and France.“The objective of the mission the commander in chief gave our military forces and our allies was completely accomplished — with swift professionalism,” Pence told reporters, noting there were “no reported civilian casualties.”Later, speaking in a cavernous hall of world leaders at the Summit of the Americas, Pence expressed gratitude to Canada, Colombia and other nations that had voiced support for the strike and urged “every nation in this hemisphere of freedom” to support the military action.Pence’s to-do list included smoothing over differences with Mexico, America’s southern neighbour, amid unease over Trump’s decision to send troops to the border and harsh rhetoric on immigration. And with tensions simmering over trade, Pence expressed hope alongside Canadian Prime Minister Justin Trudeau that the three nations could soon agree to a renegotiated North American Free Trade Agreement.And while Trump grapples with the ongoing Russia investigation led by special counsel Robert Mueller, Pence sought to draw a bright line against Vladimir Putin’s alliance with Syria following the suspected chemical attack. “Our message to Russia is that you’re on the wrong side of history,” Pence said.Trump often improvises his remarks and is known for bold declarations in person and on his Twitter account. Pence, meanwhile, tends to be more scripted in his exchanges and frequently glanced down at highlighted index cards as he spoke to Latin American leaders here.Shortly before Trump’s address to the nation Friday night, Pence was whisked away from the summit in his motorcade so he could return to his hotel to inform congressional leaders of the pending missile strikes. Pence watched Trump’s speech from his hotel suite, joined by aides.Unlike past appearances at international summits, the vice-president had to dive into the packed agenda on short notice. He learned only Tuesday that he would be attending in Trump’s place so the president could manage the U.S. response to Syria.In meeting after meeting, Pence offered a low-key, extended hand.Seeking rapprochement with Mexico, which has been at odds with Trump over the border wall and immigration, Pence said the topic of funding for Trump’s long-promised border wall did not come up in his meeting with Mexican President Enrique Pena Nieto.Pence said they simply had a difference of opinion and some issues were “set aside, for a later date.” Left unsaid was whether Pence’s overtures might eventually lead to a joint Trump-Pena Nieto meeting, their first.Seated alongside Trudeau, Pence said there was a “real possibility” the U.S. could reach a deal with Canada and Mexico on NAFTA “within the next several weeks.” Trump has long assailed the trade deal’s impact on U.S. workers and threatened to pull the U.S. out if he’s unhappy with the terms.The summit also gave Pence an opportunity to press the case for tougher sanctions and more isolation of Venezuela across the region.Venezuelan President Nicolas Maduro was barred from attending the summit over his plans to hold a presidential election that the opposition is boycotting and that many foreign governments consider a sham.Pence urged Maduro to accept humanitarian aid as the once-prosperous nation deals with humanitarian and economic crises. But he called on the region to take a harder line on Maduro’s government, a message he intends to deliver in Brazil next month.“The United States believes now is the time to do more, much more,” he said.___On Twitter follow Ken Thomas at https://twitter.com/KThomasDC
DETROIT — Chris Reynolds was promoted by Toyota late last year to one of the toughest jobs in the U.S. auto industry. He’s in charge of North American manufacturing, as well as human resources, legal, finance and communications.It’s manufacturing that will present the biggest challenge for Reynolds, who must navigate uncertain U.S. trade policies including tariff threats and possible replacement of the North American Free Trade Agreement with Canada and Mexico. Toyota produces vehicles in both countries for sale in the U.S.Also, U.S. auto sales are expected to decline slightly in 2019, and sales of traditional sedans, once staples in Toyota’s U.S. model lineup, are falling.Reynolds, the son of a Ford factory worker who grew up in Detroit, spoke with The Associated Press after his duties were expanded by the company. The interview has been edited for length and clarity.Q: The U.S.-Mexico-Canada Agreement, which replaces the North American Free Trade Agreement, is still up in the air. Twenty-five per cent tariffs on imported vehicles and parts also are on the table. How does the new agreement affect Toyota, and would you be able to bring production from Japan to Alabama or some other U.S. plant if tariffs go into effect?A: We think that the recently negotiated USMCA, if it’s approved, and we’re optimistic that it will be, will actually allow us to flex our production in order to build as much as we can here. We’re looking to do that regardless of the tariff situation. We can’t make moves simply because of the tariff situation. So while tariffs are problematic, they’re essentially a tax on the consumer. Obviously we are not in favour of them. The real litmus test for us in terms of local investment is can we be competitive in building what we sell here? That’s the lens through which we would view whether we would open up a new plant or not, or what kinds of additional investments we might make in our existing plant infrastructure.Q: President Trump has threatened to pull out of NAFTA if Congress doesn’t approve its replacement. What would that do to Toyota?A: When you assemble a vehicle in one state, but the parts can literally crisscross the border five or six times before it actually gets assembled to the vehicle, it’s very challenging to think of an outcome where the border actually becomes a barrier to our whole assembly process, our whole supply chain. That’s not just true of Toyota, it’s true of every automaker. So there’s common industry interest in making sure that there are as few barriers as possible. That’s why I’m optimistic that the Trump administration’s moves on USMCA will bear some fruit. We’re OK with where the USMCA landed.Q: What percentage of vehicles that Toyota sells in the U.S. are built in North America and in the U.S.?A: Roughly 74 per cent. Fifty per cent is U.S. only, and that’s growing. We were on that track before this sort of spasm on trade and tariffs.Q: If the U.S. imposes 25 per cent tariffs on imported vehicles and parts, Toyota has said there would be significant price increases for vehicles built in the U.S. The price of the Camry midsize car, which has among the highest U.S. parts content, would rise by $1,800. Why would the Camry price go up?A: There’s no 100 per cent U.S.-made product. Every vehicle from every manufacturer has some amount of componentry that comes from somewhere else. We’ve got to be able to absorb those costs. And where we can’t absorb them, what tariffs do to you is they compel us and every other manufacturer to pass those costs on. Let’s not forget the steel and aluminum tariffs. They also have an impact, and not a positive one. So that’s why you’re seeing the risk on price even for a vehicle like a Camry.Q: Auto sales in the U.S. are expected to slow, especially of cars. Yet Toyota and Mazda are jointly building a new factory in Alabama that would build cars. Why do you need more factory capacity in a declining market?A: Our view of the market goes beyond the normal cycle. We’ve got to be able to plan beyond that and anticipate where the market will be not just next year but over the next decade or so. We think there’s a future in passenger cars. We think there will always be a need for that. We’re actually excited about the fact that some of our competitors might be exiting that segment. We view it as an opportunity in the medium term to long term.Tom Krisher, The Associated Press
VICTORIA, B.C. – The B.C. Government has introduced legislation to complete the fiscal framework for LNG investment.According to the Government, this legislation will pull together the final pieces needed to deliver LNG investment that brings long-term benefits to the Province and thousands of good-paying jobs for B.C. workers, while operating within strong environmental protections.Carole James, Minister of Finance, says this legislation completes the process of creating a fiscal framework that invites investment while protecting Indigenous rights and the environment. “British Columbians are counting on us to attract LNG investment that meets strict conditions: delivering jobs and financial benefits to B.C., creating economic partnerships with Indigenous peoples, and protecting our clean air, land and water. This legislation completes the process of creating a fiscal framework that invites investment while supporting those conditions.”Once passed, this legislation is expected to amend the Income Tax Act to implement a natural gas tax credit for LNG development in British Columbia, repeal the Liquefied Natural Gas Income Tax Act that created barriers for investment in B.C.’s natural gas sector, and repeal the Liquefied Natural Gas Project Agreements Act that left British Columbians vulnerable to footing the bill for special industry tax and regulatory protections.The Government says, once complete, these steps will deliver the fiscal setting needed for LNG Canada’s proposed $40-billion project in northern British Columbia – the largest private-sector investment in B.C.’s history. It is expected to create 10,000 construction jobs and up to 950 permanent jobs in the Kitimat processing terminal.It is also said that this project is on track to be the cleanest of its kind in the world, meaning it will fit within the greenhouse gas reduction targets of the Government’s CleanBC climate action plan.To learn more about the new framework for LNG, you can visit the Government’s website.
Marleen Morris, Co-director of the Community Development Institute a UNBC, will highlight the business opportunities that are emerging with increasing immigration to Fort St. John. Learn about ways to benefit from welcoming and serving this rapidly growing segment of the population. May 3, 2019 · 12:00pm May 8, 2019 · 12:00pm Brown Bag Lunch Session: Immigration = Business Opportunities Featuring; Cheryl Montgomery, Executive Director of the Fort St. Jon & District Chamber of CommerceNever before has communication changed so much in such a short period of time. From a generation that grew up with the telephone, to one that communicated through email, to one that posts on Instagram. Modes of communication and the stereotyping which can lead to workplace conflict. This session will explore the generational differences in communications and offer practical advice on how to bridge the gap. Brown Bag Lunch Session: Intergenerational Communication May 2, 2019 · 12:00pmMarleen Morris, Co-director of the Community Development Institute a UNBC, will explore business opportunities associated with the growing seniors’ population in Fort St. John. Drawing on findings from the Fort St. John Community Profile and the Age-Friendly Assessment and Action Plan, this presentation will outline specific ways that Fort St. John businesses can benefit from being age-friendly. FORT ST. JOHN, B.C. – The Forge, made up of a partnership between the Community Development Institute of UNBC and the City of Fort St. John is hosting free Brown Bag Lunch Sessions as an opportunity to get information that can help in your work, business or volunteer activities.All sessions are free and require an RSVP to attend. The Forge is located at; 9904 94th Street, Fort St. John. Contact; firstname.lastname@example.org or call; (250) 261-9917Brown Bag Lunch Session: An Aging Population = Business Opportunities