Tuesday, February 13, 2007

In Vancouver, a 20-year urban success story may yet have a sad ending. The city’s downtown population has doubled to 80,000 in the last 20 years thanks to Vancouver’s “Living First” policy – a planning strategy that favors residential development over commercial. And planners are expecting the population to reach more than 120,000 by 2030. But while downtown booms with people, business is busting. The International Herald Tribune reports that the city’s recently-released jobs and land-use study is estimating that downtown Vancouver may run out of commercial and office space within 5 years.

The ‘Vancouver problem’ is one that many cities in the United States could only hope to have. On the contrary, much effort has been put into bringing residential life back into the city centres. In Los Angeles, San Diego, Miami, and Washington, D.C. there has been a condominium boom in recent years, but these cities are far from the situation Vancouver faces now.

To counter the trend in Vancouver, planners are proposing changes to the city’s zoning regulations, including the passage of more lenient building height restrictions. But because residential developments are so much more profitable than commercial and office space, some public officials are proposing offering better incentives to the developers willing to build commercial. Another option is to expand the moratorium that was placed on new housing development in the central business district two years ago.

Translink is currently involved in a major expansion of the 49.5 km (30.8 mi) Skytrain system centred on downtown Vancouver. Construction of the Canada and Evergreen lines is underway. The former will be complete in 2009, and the latter in 2011.

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Saturday, April 2, 2005

Regional U.S. telephone giant SBC Communications is one step closer to offering cable television to the 18 million households in its 13 state coverage area. The company announced a $195 million contract with Scientific-Atlanta Thursday to provide a video operations center and regional hubs for the new service. Under the brand name, U-verse, the SBC’s television rollout is set to launch in 2006 after field trials begin later this year.

The company is seeking the so-called “triple play,” where a telecommunications company offers voice, data and video in one bundled package. Local telephone companies like SBC have been losing business to cable TV companies, which have added telephone and Internet services in recent years.

In a slew of recent deals, SBC is looking to stop that trend. Within the past six months it has signed alliances with various technology firms to build out a fiber network to the home strategy. For instance, SBC has a $1.7 billion deal with Alcatel to build out its fiber optic network and a 10-year, $400 million, pact with Microsoft to license its IPTV technology to allow multi-channel television to stream over its Internet backbone.

In most of the U.S. only cable TV companies like Comcast have been able to offer the “triple play” of voice, video and data services. But traditional phone companies like SBC and Verizon have been upgrading their copper wire telephone networks to fiber optic. SBC says it plans to spend billions of dollars to overhaul its telecommunications network, saying the aging and brittle copper wires which were originally laid in the early 1900s do not have enough bandwidth to allow television capability.

Saturday, June 18, 2005

MasterCard International announced Friday that multiple instances of fraud have been tracked back to CardSystems Solutions, Inc., a company that processes credit card transactions and other payments. Customer names, banks, and account numbers of up to 40 million cardholders have been exposed, of which about 13.9 million are MasterCard-branded cards, the company said. Visa and American Express cards were also affected.

“The breach appears to be the largest yet involving financial data,” said David Sobel, of the Electronic Privacy Information Center.

CardSystems issued a statement late on Friday that said it learned of the potential breach 26 days ago, but that the FBI told the company not to advise the cardholders nor the public at large. CardSystems also said their statement had been vetted by the FBI.

A spokesperson for the FBI said that the agency had asked CardSystems not to disclose information that could compromise the investigation, but that it had not asked CardSystems to fail to disclose the breach at all.

Michael A. Brady, C.F.O. of CardSystems, told the Associated Press that “we’re absolutely blindsided by a press release by the association,” when speaking of MasterCard’s release. A MasterCard spokesperson said that the company was obligated to inform its customers of the breach.

MasterCard spokesperson Sharon Gamsin said that CardSystems was hit by a virus-like computer script that stole customer data for the purpose of fraud. She said MasterCard does not know how the script got into the CardSystem network.

Sobel said this theft “indicates that this is a shadowy industry where the consumer never really knows who is going to be handling and using their personal information. Presumably, the affected consumers thought they were dealing with MasterCard.” Having a third-party process credit card transactions is common practice in the industry.

Saturday, March 12, 2011

The U.S. Treasury Department reported the government posted a monthly budget deficit of US$222.5 billion in February, the largest monthly deficit ever recorded. The February deficit, announced on Thursday, outstripped the February revenue gain of $110 billion.

The report comes at a time when the White House and both national political parties are under extreme pressure to reduce the deficit as well as the total U.S. debt. There is no agreement on how to reduce spending and increase government revenue, and both Democratic and Republican measures have been voted down.

Factors contributing to the February 2011 deficit compared to that of February 2010 included a 69% reduction in corporate tax receipts, and an increase of 29% in interest payments due on the U.S. debt. The government also spent more than in the previous February on entitlement programs, including an increase of 11% on Medicare. Government measures, such as an extension of unemployment insurance benefits, cuts in the payroll tax and some business tax reductions also contributed to the deficit.

The White House has predicted that the U.S. budget deficit will reach $1.6 trillion this year and then fall to $1.1 trillion in 2012. Treasury Secretary, Timothy Geithner, has warned that by April 15 of this year, the U.S. is likely to reach its $14.3 trillion borrowing limit.

Monday, December 19, 2005

A Virginia recreation and fishing boat launch on the James River near the Dominion Virginia Power plant at Dutch Gap is the scene of too many Black Vultures, according to the U.S. Department of Agriculture (USDA) and the Virginia Department of Inland Game and Fisheries.

In 2002, more than 350 Black vultures were killed at Dutch Gap in an effort to reduce their numbers to a level of a couple dozen birds. But they made a quick come back in the area, and during this past week a hundred of the birds have been disposed of by a shot to their head with a pellet gun.

The USDA reports that both Black Vultures (Coragyps atratus), along with their close relatives called the Turkey Vulture (Cathartes aura), are experiencing population increases stretching well over the last 10 years.

The species is increasingly a problem by growing into being a nuisance, as well as a threat to health and safety concerns. The presence of the birds in large numbers, at places they roost, can cause damage to property as they peck and claw at construction surfaces, and cause unsanitary human health conditions from the defecation and regurgitation of the birds. Their presense at landfills, often in near proximity to airports, is a problem for airplanes during take-off and landing.

At the entrance to the Dutch Gap boat launch parking lot, a large yellow warning sign is posted that reads: “Please be aware of possible damage to vehicles and trailers due to the large Black Vulture population currently inhabiting this parking area. Because the Black Vulture is a federally protected species, Chesterfield County is working with the U.S. Deptartment of Agriculture and the Virginia Department of Inland Games and Fisheries to resolve the problem. You can help by disposing of all litter (even non-food items such as cigarette butts) in trash barrels. Thank you for your cooperation.” The vultures reportedly perch on vehicles and scratch the paint, and for some reason are going after windshield wiper blades.

Vultures have shown an ability to adapt to residential and business settings. The bird, with a 4-foot adult wing span, can be seen gliding through the air at virtually any time of day in Chesterfield and Prince George counties in central Virginia.

Saturday, October 3, 2009

Officials in southern India have said that flash floods killed more than 130 people in the southern part of the country, following four days of heavy rain.

The Indian army dispatched troops and helicopters to the states of Karnataka and Andhra Pradesh to rescue people stranded by the flooding. They also delivered emergency medical supplies and food provisions. Hundreds of thousands of people have already been evacuated out of the vicinity.

The rains damaged or destroyed thousands of homes, the authorities have said. The waters have also ruined crops, blocked roads, and disrupted communication links. The death toll is expected to rise as search teams reach areas previously rendered inaccessible.

The Chief Minister of Karnataka, B. S. Yeddyurappa, said that the current situation was “serious”. “We have asked for more helicopters from the Indian Air Force to help us,” he told media.

Chief Minister K. Rosaiah said that army personnel had dispatched to assist with rescue efforts. “Six chopper [sic] have been pressed into service to immediately rescue people. While four helicopters are being used to airlift the flood-hit people in Kurnool district, two choppers were deployed in Mahabubnagar district. A helicopter rescued 15 people in the pilgrim town of Mantralayam,” he said.

Weather analysts have said that the intense rains come from a storm in the Bay of Bengal. “India’s monsoon season usually brings rains from June and withdraws by the end of September. But, this year some parts of the country were actually drought affected due to inadequate and untimely rainfall. Moreover, the cyclone in the Bay of Bengal did the damage in south India which is battling floods after rivers breached their banks. This is a calamity. The central government is also closely monitoring the situation,” said Professor D.K. George, a weather specialist.

The Indian Meterological Department has said it expects more heavy rains over the next day in the states of Karnataka and Andhra Pradesh.

Friday, August 4, 2017

Yesterday, French capital football club Paris Saint-Germain triggered a €222 million (about US$263m, £198m) buyout clause of Brazilian winger Neymar to sign him from FC Barcelona, making him the most expensive footballer of all time by breaking the previous fee record of Paul Pogba’s transfer from Juventus FC to Manchester United. Neymar signed a five year contract with Paris SG which runs until June 2022.

25-year-old Neymar made his professional debut for Santos FC in January 2009, netting 138 goals in 229 matches. He was signed by FC Barcelona in 2013. Since then, Neymar has scored 105 goals and provided 80 assists in 186 games for Barça. In four seasons at Camp Nou, Neymar won two LaLiga titles, three Copa del Rey trophies, and one each of Champions League trophy Supercopa de España. Neymar was part of Barcelona’s treble winning squad in 2014–15, and finished third in 2015’s FIFA Ballon d’Or. Neymar made an international debut at the age of eighteen. He has scored 52 goals in 77 games for Brazil.

Paris SG’s Qatari president Nasser Al-Khelaifi said, “Today, with the arrival of Neymar Jr, I am convinced that we will come even closer, with the support of our faithful fans, to realizing our greatest dreams”.

After penning a five-year contract, Neymar said, “I am extremely happy to join Paris Saint-Germain. Since I arrived in Europe, the club has always been one of the most competitive and most ambitious. And the biggest challenge, what most motivated me to join my new teammates, is to help the club to conquer the titles that their fans want.”

Neymar’s lawyer submitted a check of €222m to deposit Neymar’s buy-out clause at LaLiga’s headquarters, but it was rejected. LaLiga officials issued an official statement, which read, “We can confirm that the player’s lawyers came to the La Liga offices this morning to deposit the clause and that it has been rejected.[…] That’s all the information we are giving out at this moment.”

Later, Neymar’s legal representative delivered the check to FC Barcelona. A statement from Barcelona confirmed they received the payment and Neymar was no longer contracted to the club. The statement read, “On Thursday afternoon Neymar Jr’s legal representatives visited in person the Club’s offices and made the payment of 222 million euros in the player’s name with regards to the unilateral termination of the contract that united both parties.” ^{((es))Spanish language: ?Esta tarde, representantes legales de Neymar Jr. se han personado en las oficinas del Club y han hecho efectivo, en nombre del jugador, el pago de 222 millones de euros, en concepto de indemnización por la rescisión unilateral y sin causa del contrato que unía a ambas partes.} It also said, “the Club will pass on to UEFA the details of the above operation so that they can determine the disciplinary responsibilities that may arise from this case.” ^{((es))Spanish language: ?el Club trasladará a la UEFA los detalles de esta operación para que depuren las responsabilidades disciplinarias que puedan derivarse de este caso.} Financial fair play rules prevents European clubs from spending more than €30 million from their earnings. Paris SG was fined by UEFA in 2014 for violating financial fair play rules.

Manchester United’s manager José Mourinho, who spent about €105 million last season to sign Paul Pogba, and a reported fee of €75 million to sign Belgian striker Romelu Lukaku from Everton FC this season, said, “Expensive are the ones who get into a certain level without a certain quality. For £200m, I don’t think [Neymar] is expensive. […] I think he’s expensive in the fact that now you are going to have more players at £100m, you are going have more players at £80m and more players at £60m. And I think that’s the problem. […] So I think the problem is not Neymar, I think the problem is the consequences of Neymar.”

Liverpool manager Jürgen Klopp said, “I thought Fair Play was made so that situations like that can’t happen. That’s more of a suggestion than a real rule.”

French club Lille director general Marc Ingla, who had once served as Barça’s vice-president said, “It’s a blow for Barcelona. Neymar is an accelerator to this bright future of Ligue 1. The young talent pool we have here is the best in Europe. For sure we can still compete with PSG. Once you get on the pitch it’s 11 v 11 and all the transfer fees and salaries narrow a bit.”

Before the official announcement of the agreement, yesterday, Arsenal’s manager Arsène Wenger also remarked about the financial fair play and said, “Once a country owns a club, everything is possible. It becomes very difficult to respect the financial fair play because you can have different ways or different interests for a country to have such a big player to represent [that] country. It can’t justify the investments and looks unusual for the game. That’s why I always [support] football living with its own resources. You don’t look at the numbers in their absolute value anymore. Football has been for a long time out of normal society and the numbers are like the NBA in basketball, so it’s not comparable to normal life anymore. Those are the numbers. It was already out of context of society, so after it just becomes a bit extra. You cannot calculate what it brings in anymore, it’s just a number.”

On Wednesday, Neymar’s Lionel Messi posted on Instagram: “It was a great pleasure to have shared all these years with you, friend @neymarjr [Neymar]. I wish you good luck in this new stage of your life. See you tomorrow” ^{((es))Spanish language: ?Fue un placer enorme haber compartido todos estos años con vos, amigo @neymarjr [Neymar]. Te deseo mucha suerte en esta nueva etapa de tu vida. Nos vemos Tkm}.

Barcelona’s striker Luis Suárez dedicated an Instagram post for Neymar after Lionel Messi, and said, ” My friend i wish you the best in everything that comes!!! Also thank you for your support, for everything that i learned with you and for the unique moments that we spent together!!!! Keep like this and never change love you little bro” ^{((es))Spanish language: ?Amigo desearte todo lo mejor en lo que viene!!! También agradecerte todo el cariño que me diste, por lo que aprendí contigo y por los momentos únicos que pasamos!!!! Seguí así y no cambies nunca te quiero hermanito}.

Neymar has been assigned number 10 jersey.