Highs and Lows of our Competitiveness,Capturing our heritage on camera,Empowering young people in South Africa,Crime Line ‘helping beat drugs scourge’,Poverty underlay Marikana: Zuma,Mapungubwe visitor centre opens,Incubator support for small businesses

first_imgThis year’s survey makes for interesting analysis, not simply because South Africa has dropped two places in the rankings to 52 in the world, but for the fact that the country still remains the highest-ranking African country in the survey and third-placed amongst the BRICS economies (Brazil, Russia, India, China and South Africa). There is anticipation and interest for a much needed debate, stimulated by the report, amongst South Africa’s political and business decision-makers around our country’s strengths, weaknesses, comparative risks and opportunities within the BRICS and Next11 countries (Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, Turkey, South Korea and Vietnam).As the global economy is still grappling with slow growth and weak recovery, emerging and developing countries are growing faster than advanced economies. Acknowledging that the BRICS countries represent an astonishing 43% of the world’s population, these markets will remain a major source of global economic growth. This situation provides South Africa with both unprecedented opportunities and significant challenges as it looks to capitalise on this global trend. The real challenge is to fully understand South Africa’s position in the context of the BRICS and NEXT11 markets and to maximise the country’s strengths, whilst addressing some significant weaknesses that could hold the country back if measures are not taken to radically improve performance in key areas such as health, education, and labour market efficiency.When benchmarking South Africa against other BRICS nations, there is some positive news for the country. Its competitive strengths can be seen in financial market development where it ranks 1st amongst the BRICS nations and 3rd overall in global terms; business sophistication where it ranks 2nd amongst the BRICS nations and 38th overall; and goods and market efficiency where it ranks 1st amongst the BRICS nations and 32nd in the world. Other strengths included the Legal Rights Index, the Regulation of Securities Exchanges, the Efficacy of Corporate Boards, and the Strength of Auditing and Reporting Standards, where South Africa is placed 1st. Other strong performance areas included Availability of Financial Services (2nd place) and the area of Financing through Local Equity Markets (3rd place).It is worth noting that the high level of confidence shown in South Africa’s financial market development comes at a time when global market confidence is slow to return. The country is undoubtedly benefitting from the size of its economy and from the quality and accountability of its private institutions where it achieves a 2nd place global ranking.However, South Africa’s overall ranking was negatively impacted by its declining performance in critical areas for economic and social developmental growth. If South Africa is to improve its global competitiveness, it will need to significantly address a number of these key weaknesses. On health, South Africa was the worst performing of the BRICS nations and positioned 132nd out of 144 economies. Particular areas of concern remain the number of Tuberculosis cases recorded per 100,000 people in the country, where South Africa is positioned 143rd out of 144 countries. Other equally worrying statistics include the business impact of HIV/Aids where South Africa is positioned 135th, and the country’s HIV prevalence rate which positions it globally in 141st position.In the Life Expectancy Years pillar, South Africa ranks 133rd in the world. These results remain a matter of great concern and will continue to affect the country’s future growth if effective solutions are not found and attitudes are not changed. Ensuring high standards for health and education of the country’s workforce is critical to South Africa’s current and future economic and social development.Where South Africa’s performance decreased signficantly was in the country’s Macroeconomic Environment which saw a drop from 43rd place to 69th place overall. Although South Africa still remains the most competitive economy in sub-Saharan Africa, the country needs to address issues such as its Labour Market Efficiency where the impact of a dramatic drop from 97th place overall in the world to 113th place today is being clearly felt in the local economic environment. The country’s labour productivity reached a 46 year low in July this year with the report identifying restrictive labour regulations and poor work ethic as the most prohibitive factors for doing business in South Africa.The country’s rigid hiring and firing practices ranked it 143rd out of 144 places in the world; its lack of flexibility in wage determination by companies ranked it 140th; and significant tensions in labour-employer relations ranked it 144th in the world. These statistics require vigorous debate and a new approach if South Africa is going to achieve a sustainable growth and development path going forward.Another key area where South Africa can improve is in Quality of its Maths and Science Education, ranking at 143rd place out of 144 countries. The Quality of the Education System ranks 140th and 111th for Internet Access in Schools. If South Africa wishes to nurture a highly qualified workforce to meet the economic challenges of the future and to maximise the potential marketplace growth of the BRICS and NEXT11 nations, it has to rapidly address its failings in the education of its young people. Failure to do so will result in competitor countries taking advantage of South Africa’s weaknesses and boosting their own economies, ultimately at our cost.The negative impact of our education sector failings can also be seen in South Africa’s ranking of 122nd place for the Availability of Scientists and Engineers. This does not bode well for the future of our scientific research institutions. They require a continual pool of well-educated young people with an excellent grounding in maths and science if they are to continue to benchmark themselves in the global scientific marketplace. A world ranking of 143rd out of 144 countries for the Quality of Maths and Science Education is not going to advance South Africa’s ambitions in this respect, without significant intervention. In a positive response by Government, the National Development Plan, recently adopted by Cabinet, looks to address people development and job creation to foster economic growth and prosperity, with a target of creating 11 million more jobs by 2030 through higher investment, capacity building and greater labour absorption. This represents a positive new development in addressing education, training and labour issues moving forward.Finally, the report highlights obstacles to doing business in South Africa due to the high costs of crime and violence, recording a position of 134th in the world rankings with organised crime ranking South Africa at 111th. Government institutions negatively impact on business growth and development – South Africa is ranked 110th in the world for incidences of Favouritism in Decision of Government Officials, and 123rd for the Burden of Government Regulation on business development.On a positive note, if South Africa successfully addresses its challenges and continues to benchmark itself against its fellow BRICS members and the world in order to improve, it can hope for a better ranking in next year’s Global Competitiveness Report. South Africa remains open for business, but with an eye on making the changes needed to make it a genuinely global competitive player.While there may be challenges for South Africa in this year’s WEF report, earlier this year South Africa improved with two positions in the 2012 IMD Global Competitiveness Yearbook. South Africa improved its overall standing from number 52 in 2011, to 50 in 2012. In this year’s IMD competitiveness report the country improved its ranking in government efficiency 29 (up from 32 in 2011); business efficiency 37 (up from 40 in 2011); and infrastructure 54 (up from 56 in 2011).First published in the Sunday Independent, 16 September 2012.last_img read more

Factors that matter in your marketing plan

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Markets continued to trade sideways.  Farmers are selling at $3.70 futures and buyers are able to widen basis and still buy it. The flat price value of corn isn’t moving much.Market actionOptions ExpirationOn 1/22/16 a $3.80 Feb corn option that I had sold on 12/10/15 for 8 cents expired worthless.  This is because March futures were under $3.80 on the day of expiration, I’m not required to do anything but collect the full premium of 8 cents. This trade represented 5% of my production.Options TradeKnowing the trade above was going to expire worthless, I sold an April $3.80 call for 8 cents on 1/22/16 to try and collect some additional premium in the future. Again representing 5% of my production.  What does this mean?Based on May corn futures – The Option expires 3/25/16Corn below $3.80 – I keep the 8 cents premiumCorn above $3.80 – I have to sell grain for $3.80 but keep the 8 cents premium◦                     In other words, if this happens I sell corn for $3.80, plus an additional 16 cent premium (the 8 cent Feb call + the 8 cent April call) for a total of $3.96.◦                     Then…since I have all of my 2015 grain sold, I can move the short futures position to Dec futures for an additional 17 cents (market carry) to make a total of $4.13 sold for 2016 crop.With what I know today, I’m pleased with either outcome of this trade.Basis tradeIt’s time for me to core the bins out.  This should allow me to keep my remaining corn in condition until the middle of summer. Last week I found an end user willing to pay me -.20 picked up on the farm, which has been the best opportunity on basis so far on 2015 corn.  So, I sold about 10% of my2015 corn production. Since making the trade, basis pulled back 10 cents with the recent 20 cent board rally.  I hope the basis market rebounds, because I will need another opportunity in the spring or summer to finish selling my 2015 production.Getting caught up in the headlinesWith the market not moving in January, headlines about relatively insignificant issues are creeping up.  Farmers can get so focused on these issues, that sometimes they miss the big picture and what really affects farm operation profits.  Following are three big ones I’ve noticed.Fuel costsMany are rushing to cover 2016 diesel inputs.  While it’s important to be diligent about all input costs, fuel only represents 1% of a farmer’s overall budget. Let’s look at the numbers.   Average farmers use 1 gallon/acre/field pass, or about 3-6 gallons/acre/year.  Even if fuel prices adjusted a full $1/gallon this coming year, the added expense is only around $5/acre.  This translates to 3 cents per bushel on corn or 11 cents on beans.  The corn and bean market move that amount any given day.   Realistically fluctuations would be closer to maybe 50 cents per gallon and that would mean a change of only 1.5 cents for corn and 6 cents for beans.FertilizerFertilizer is probably the largest input cost for farmers that has significant cost adjustments.  Similar to fuel costs though, even if prices decrease by $100/ton this year (a big swing), the cost would be about $15/acre less.  This equates to about 10 cents/bushel.  Between the two, fertilizer is the bigger worry, but relatively small in the grand scheme of things.  Market prices can swing 10 cents in an active day for the corn futures. The Realty of Corn Production GloballyWeather-related events in other countries can also make big headlines.  Recently, I read that South Africa will have to import some corn due to drought conditions.  On the surface this seems like a bullish story; however, South Africa only produces 1% of the world’s corn.  To put it into perspective, the state of Michigan produces the same amount of corn as South Africa.  Would the market get overly concerned if MI was importing corn from OH? Unless it’s college football recruits that are leaving OH for MI, I doubt many would care.  This got me to think about the production of other countries in the world…Brazil is the 3rd largest corn producer in the world – equal to corn production in IL and IN combinedThe European Union (28 member countries) produces about 10% more corn than the entire state of IAUkraine and the other 12 countries of the Former Soviet Union produce about the same amount of corn as NE and MNArgentina usually only produces a little more than KS and ND combinedMexico’s production is equal to SDCanada and OH produce almost the same amount each yearRussia, the largest land mass country on the planet, raises no more corn than the state of MO each yearIndia, with the world’s second largest population, only accounts for the same amount of corn grown in KY, WI and PA combinedSo, what does matter when looking at the corn market?The United States (35%) and China (23%) account for 58% of the world’s corn productionIf IA was its own country it would be the 4th largest producer of corn in the worldIA, IL, NE, MN, IN, and SD produce 25% of the world’s corn8 Billion bushels of corn are in storage around the world, or nearly what China produces each yearAbout 20% of that stored world corn is sitting on farms unpriced in bins across the United States.What does have a big impact on farm profits?YieldWhen looking at the big picture, the number of bushels raised per acre has the biggest profit impact.  Growing just one more bushel of corn per acre reduces costs by 3 cents/bushel (1 bushel of soybeans reduces costs by 20 cents/bushel).  One bushel more in yield can cover a large fluctuation in fuel and has a big impact in fertilizer cost adjustments.WeatherLarge-scale weather issues in the U.S. or China will have a big impact on the market.  And while isolated incidents around the world can cause price volatility, it is usually on a short-term basis.  Savvy farmers will be ready to take advantage of those small rallies in their marketing plan as they come available.Developing a market strategy that includes market carry and basis planningAs I continue to explain, having a developed marketing plan that considers the farm operation’s goals and objectives and incorporates market carry and basis strategy should not only bring bigger profits to farm operations, but reduce risk.Bottom-line, rather than spending so much time obsessing over all those headlines, sit down and spend your time developing a more sophisticated marketing strategy.  If this makes you nervous or you aren’t sure how to start, consider working with a seasoned grain marketer who can explain the more technical aspects in a way that you can both understand the process, and make you feel comfortable about what you are doing.  Often there are options available to farmers that they didn’t even realize.  The potential profits available for farmers will likely out-weigh fuel or fertilizer input fluctuations.Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at jon@superiorfeed.com.last_img read more

Is It Possible to Get Condensation on a Sponge?

first_imgI recently taught a class called What the Duct!? at the Builders’ Boot Camp in Virginia. Paul Francisco was one of the other instructors (teaching about indoor air quality), and on the last evening at dinner, our conversation turned to building science. (Imagine that!)I don’t recall exactly how we got there, but somehow the question of condensation came up. Paul talked about how Bill Rose, author of Water in Buildings, often asks the question, “Can you get condensation on a sponge?”If you’ve read Rose’s book, you probably already know the answer. Well, let me rephrase: If you’ve read and absorbed (hint, hint) the material in Water in Buildings, you know the answer. If you haven’t read the book, you may now be able to guess where I’m going with this. (But you should still get yourself a copy and read it anyway.)What is condensation?On page 81 of the book, Rose quotes Leonard Haeger from the 1952 Condensation Conference: “I suppose in the beginning we should have a definition of condensation, and to practical men condensation is what you find on a highball glass at 5:30 in the afternoon.” RELATED ARTICLESThe Physics of Water in Porous MaterialsAll About Vapor DiffusionHygric Buffering and Hygric RedistributionHow to Use the Psychrometric ChartWhen Sunshine Drives Moisture Into Walls The History of Peeling Paint, Insulation, and Vapor BarriersAre Dew-Point Calculations Really Necessary?Do I Need a Vapor Retarder?Vapor Retarders and Vapor BarriersForget Vapor Diffusion — Stop the Air Leaks!Bill Rose’s Building Science To-Do List It’s also what you get on single-pane windows (see Image #2, below), bathroom mirrors, and grass on a summer morning. It happens when air with a certain dew point temperature finds a surface that’s at or below that temperature. It occurs under precise conditions of temperature and water vapor content of the air. It’s a point on the psychrometric chart.The difference between sorption and condensationSponges, of course, can have a specific temperature and interact with the water vapor in air. Unlike a glass surface, however, some materials — like wood, brick, and perhaps sponges — collect water from the air at a wide range of temperatures. They’re sorptive materials. They adsorb and absorb water on the surfaces and in the pores.Adsorption, briefly, refers to water that’s close to and bonded strongly to a surface. When a material pulls in so much water that some of the water molecules are in the pores but not bonded strongly to the surface, those water molecules are absorbed. The two phenomena together are referred to as sorption.Wood and brick are like sponges in that regard. The graph reproduced as Image #3 (below), called a sorption isotherm, is from the doctoral dissertation of Professor Chris Timusk. As you can see, the moisture content of the material depends on the relative humidity of the air. Even if the material temperature is higher than the dew point of the surrounding air, it can collect water. And the higher the relative humidity (RH), the more water it collects.That’s not at all like condensation. As Rose says in his book, “Sorption is a better term, covering adsorption and absorption.” When you see condensation on the bathroom mirror, you know the dew point of the water vapor in the air is equal to or higher than the surface temperature of the mirror.When you see a sponge that feels damp even though it hasn’t been used in a while, its temperature may or may not be below the dew point. But as a sorptive material, it doesn’t have to be. The higher the relative humidity, the more moisture it adsorbs and absorbs.This issue comes up all the time in building science discussions, especially regarding what happens in exterior sheathing. I’ve been guilty of this, too. When it’s cold outside and a building doesn’t have exterior insulation, we often talk about “condensation” occurring when humid air from indoors finds its way to the interior side of the sheathing. As with the sponge, though, the moisture content of that sheathing depends on relative humidity, not dew point.Condensation on a sponge?So, back to the original question: Can you get condensation on a sponge? When Paul Francisco brought this up at dinner last week, he told the story of being in a session where Bill Rose asked the question and then said no, you cannot get condensation on a sponge. He gave the reasons above to support that answer.Paul then disputed Rose’s argument, saying yes, you can get condensation on a sponge. After you take a shower and have condensation on the mirror, you wipe it off with a sponge. That’s how you get condensation on a sponge.But are sponges really hygroscopic?Materials, like wood and brick, that collect moisture from the air by adsorption and absorption are called hygroscopic. When I first posted this article in my blog, commenter RoyC objected. “Sorption occurs at the chemical/molecular level. Sponges work on capillary action or surface tension, which is a macroscopic effect,” he wrote. “Maybe there are some sponges that are hygroscopic or sorptive, but I haven’t seen any. If I leave a soaked sponge out in the open long enough, it clearly ‘dries’ out.”Bill Rose jumped into the discussion at that point, replying to RoyC, “You have a point. I don’t know what the sponge is made of. I’ve had natural sponges and plastic sponges. Is there a difference between air-dry and oven-dry? I don’t know because I haven’t done it. I suspect that for an organic sponge it’s yes, and for a plastic sponge it’s close to no. And capillarity accounts for almost all the water in a wet sponge as you state.”OK, so there’s some debate about whether sponges are actually hygroscopic or not. The larger point that Rose is making, however, is still valid. When building sheathing or drywall gets wet because of contact with humid air, the process responsible for the wetting is sorption, not condensation. “I try to reserve the term ‘condensation’ for where it’s water-to-water, and avoid it with water-to-material,” Rose wrote. Allison Bailes of Decatur, Georgia, is a speaker, writer, building science consultant, and the author of the Energy Vanguard Blog. You can follow him on Twitter at @EnergyVanguard.last_img read more

Macro Management and Micro Management – Episode 33

first_imgMuch of the time what people perceive to be micro-management is really macro-management. Their manager is trying to produce the big, important outcomes, but because those outcomes aren’t being achieved, they have to ask about activity.last_img

Sixers keep Joel Embiid home from 3-game trip to rest left knee

first_imgColombia protesters vow new strike after talks hit snag Don’t miss out on the latest news and information. LATEST STORIES Back with Barcelona, Lionel Messi thrives in latest Liga win PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Cayetano: Senate, Drilon to be blamed for SEA Games mess Wintry storm delivers US travel woes before Thanksgiving The 25-year-old Embiid is second in the NBA in rebounding (13.7 per game) and fourth in scoring (27.5 per game).Embiid, coming off a 39-point, 13-rebound, six-assist performance against Brooklyn on Thursday, has played in 62 games. That’s one short of his career high. After the Sixers visit Dallas and Atlanta next week, they’ll have four games remaining in the regular season.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics Sports Related Videospowered by AdSparcRead Next Private companies step in to help SEA Games hosting Panelo: Duterte ‘angry’ with SEA Games hosting hassles Bloomberg: US would benefit from more, not fewer, immigrants Philadelphia 76ers’ Joel Embiid (21) passes the ball around Orlando Magic’s Khem Birch during the second half of an NBA basketball game, Monday, March 25, 2019, in Orlando, Fla. (AP Photo/John Raoux)MINNEAPOLIS — The Philadelphia 76ers have decided to rest All-Star center Joel Embiid during their three-game trip for precaution with the playoffs approaching.Coach Brett Brown said before the Sixers played at Minnesota on Saturday that Embiid stayed home as part of the team’s plan for “load management” on the left knee that has hampered the 7-footer at times this season.ADVERTISEMENT Google Philippines names new country director MOST READ Trump tells impeachment jokes at annual turkey pardon event View commentslast_img read more

Baseball Is For The Youths

More: Apple Podcasts | ESPN App | RSS | Embed FiveThirtyEight Embed Code This past week brought a series of impressive feats from baseball phenoms. Pete Alonso set a record for home runs hit by a National League rookie. Rookie Aristides Aquino hit his 11th home run in just 17 career games, becoming the first player since at least 1900 to do so. And Yankee infielder Gleyber Torres set a record for the most homers since 1969 against a single team when he hit his 13th home run of the season against the Baltimore Orioles. On the show, we break down this era of unprecedented dominance by the young players of MLB.Looking ahead to the start of the 2019 college football season — which kicks off this weekend — we’ll preview which teams to watch for and make our own championship predictions.To round out this all-youth episode, we dive into the Little League World Series and the players whose names suggest that they are destined for greatness.What we’re looking at this week:Neil’s piece on youths in baseball.Forbes breaks down the college football rankings.The joys of Little League World Series fandom from The Ringer. read more

Tesla sued for wrongful death after fatal crash involving Autopilot

first_imgEnlarge ImageThis is the second lawsuit Tesla has faced this year following a fatal collision with Autopilot active. Nick Miotke/Roadshow Earlier this year, the family of a Tesla Model X owner who was killed in a collision when the car’s Autopilot was engaged filed a lawsuit against the automaker in California state court. Now, the Fremont-based automaker has a second, similar suit to contend with.The family of Jeremy Banner is filing a wrongful death lawsuit against Tesla, asking for damages in excess of $15,000, The Verge reports. According to NBC affiliate WPTV, the lawsuit was announced on Thursday, and it should be filed shortly in Palm Beach County, Florida. A Tesla spokesperson declined to comment.The collision occurred on March 1. Banner’s 2018 Tesla Model 3 was traveling southbound on State Highway 441 in Delray Beach when it struck an eastbound tractor-trailer. The crash ripped the roof off the Model 3, killing Banner. According to the NTSB’s preliminary report, Banner engaged Autopilot approximately 10 seconds prior to the collision, and the system did not detect the driver’s hands on the wheel “from less than 8 seconds before the crash,” the report states. The report says the vehicle was traveling about 68 mph before the collision, 13 mph over the posted limit. The NTSB notes that both data and videos show that neither the car nor the driver initiated any sort of evasive maneuver prior to the crash. The investigation is still ongoing.The crash has parallels with another, similar collision that also claimed the life of a Tesla driver. In May 2016, Joshua Brown’s Model S collided with the side of a tractor-trailer, killing him. The resulting preliminary report from the NTSB did not find Tesla at fault, and it also refuted claims that Brown had been watching a movie just before the crash. Tesla’s Model X gets artsy Tags Car Industry Electric Cars Comments 30 Photos Share your voice 17 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value More From Roadshow 2020 BMW M340i review: A dash of M makes everything better 2020 Hyundai Palisade review: Posh enough to make Genesis jealous 50 Photos According to the NTSB’s preliminary report, Banner engaged Autopilot approximately 10 seconds prior to the collision, and the system did not detect the driver’s hands on the wheel “from less than 8 seconds before the crash,” the report states. The report says the vehicle was traveling about 68 mph before the collision, 13 mph over the posted limit. The NTSB notes that both data and videos show that neither the car nor the driver initiated any sort of evasive maneuver prior to the crash. The investigation is still ongoing.The crash has parallels with another, similar collision that also claimed the life of a Tesla driver. In May 2016, Joshua Brown’s Model S collided with the side of a tractor-trailer, killing him. The resulting preliminary report from the NTSB did not find Tesla at fault, and it also refuted claims that Brown had been watching a movie just before the crash.Banner’s family is the second family to file a lawsuit against the automaker. Earlier this year, the family of Walter Huang sought damages from the automaker due to perceived negligence on Tesla’s part. Huang’s Model X collided with a highway barrier while Autopilot was active in Mountain View, California. Following the crash, Tesla issued a statement casting blame on Huang while simultaneously touting the benefits of its system, although the NTSB’s preliminary report pointed to several contributing factors. Tesla Tragedy Tesla Model 3 barrels through the snow in Track Mode Teslalast_img read more

Did actress Namitha behave rudely with cops and EC officials Her husband

first_imgNamitha.PR HandoutNamitha was recently in the news when reports of the actress behaving rudely with the cops and election commission officials had surfaced on TV channels. Her husband Veerendra Chowdhary has now given a detailed account of the incident.According to Veerendra Chowdhary, they were on their way to Yercaud when their car was stopped by cops in three junctions and they co-operated with them. But the couple had tought times after an official from the election commission stopped their vehicle at Salem-Yercaud junction.He tells that Namitha raised objection when the official tried to check her bag, demanding that a woman cop should inspect her bag. Some media had claimed that she behaved rudely with the official and the cops and displayed tantrum.The complete explanation from Namitha’s hubby can be read below:Let me start by saying that I am utterly sorry! Sorry that you were misguided by all the news that have been in the circulation past few days. On my and my wife Namitha’s defense I’d like to say this. We were travelling to Yercud for shoot and were on road since past 8 hrs. My wife Namitha was sleeping in the back seat as it was 2.30 at night.Before this unfortunate incident we were stopped 3 times at different junctions, and we co-operated with everyone as they all were respectful to us. But when we reached the junction of Salem- Yercud , the gentleman from the Election Commission stopped the car and very rudely spoke to everyone in the car. He was showing his authority to everyone and behaving as if we were CRIMINALS!!He even opened the door of the back of the car despite of my pleas that sir My wife is tired and she’s slepping if you want I’ll wake her up , he still went and open the door and Namitha who was sleeping with her back resting on the door, almost fell out of the car !!! He said sorry but he still went on searching the car as if we were trafficking some illegal substances.Then he started checking everyone’s bags, and when he reached Namitha’s bags she refused to open her bag…. TO HIM! She said if you want to check my bag Kindly arrnage for a FEMALE COP. As its her bag and since it carries some intimate items, she would be comfortable to have a FEMALE COP who checks it. Thats all! That was the only matter!! Its Every Woman’s right to ask for a FEMALE COP if she’s uncomfortable.According to me, this whole matter has been blown out of proportion. If it was a noraml citizen nobody would’ve made a peep about it. But since its asked by a celebrity everyone is taking an advantage and making a mountain out of mole. That’s all. Instead of taking it wrongly , I hope the women of our country learn from this incident And raise their voices and ask for a FEMALE COP’S PRESENCE if she feels she’s uncomfortable. Thank youlast_img read more

Who are Indias Top Ten highest paid executives SLIDESHOW

first_imgAditya PuriMD, HDFC Bank32.8 Navin AgarwalChairman, Vedanta15.1 D.B. GuptaChairman, Lupin37.6 Sunil MittalChairman, Bharti Airtel27.2 Pawan MunjalCMD & CEO, Hero MotoCorp43.9 Rajiv BajajMD, Bajaj Auto20.5 With Infosys filing its annual report for 2015-2016, its executive pay package information is out in the open. Vishal Sikka, the CEO and MD of the Bengaluru-based IT services exporter, took home a salary package of Rs. 48.73 crore in 2015-16. His basic salary was Rs. 5.96 crore, while variable pay, inclusive of bonus, retirals and others, amounted to Rs. 42.77 crore, according to the disclosures in the annual report. The variable pay component included Rs. 14 crore for the financial year 2014-15.Sikka will get about a 50 percent hike in remuneration for 2016-2017. The company approved a compensation of $11 million (about Rs. 74 crore) in February this year.Yet, his compensation will be less when compared to that of Francisco D’Souza, CEO of Cognizant Technology Solutions, who took home $12 million in 2015, the Economic Times reported. It would be interesting here to know India’s top 10 highest paid CEOs in 2014-15 as reported by the Business Standard. (Their earnings for 2015-16 will be available when the companies file their annual reports for the year).   NameNameCompanyCompanySalary (Rs. Crore)Salary (Rs. Crore)NameC.P. GurnaniCompanyMD & CEO, Tech MahindraSalary (Rs. Crore)165.6NamePawan MunjalCompanyCMD & CEO, Hero MotoCorpSalary (Rs. Crore)43.9NameD.B. GuptaCompanyChairman, LupinSalary (Rs. Crore)37.6NameAditya PuriCompanyMD, HDFC BankSalary (Rs. Crore)32.8NameSunil MittalCompanyChairman, Bharti AirtelSalary (Rs. Crore)27.2NameN. ChandrasekeranCompanyCEO & MD, TCSSalary (Rs. Crore)21.3NameRajiv BajajCompanyMD, Bajaj AutoSalary (Rs. Crore)20.5NameK.M. BirlaCompanyChairman & Non-executive director, UltraTechSalary (Rs. Crore)19NameY.C. DeveshwarCompanyChairman & Wholetime Director, ITCSalary (Rs. Crore)15.3NameNavin AgarwalCompanyChairman, VedantaSalary (Rs. Crore)15.1center_img K.M. BirlaChairman & Non-executive director, UltraTech19 Y.C. DeveshwarChairman & Wholetime Director, ITC15.3 C.P. GurnaniMD & CEO, Tech Mahindra165.6 N. ChandrasekeranCEO & MD, TCS21.3 NameCompanySalary (Rs. Crore)last_img read more

Man killed in Rajshahi gunfight

first_imgProthom Alo IllustrationA man was killed in what the law enforcers called a gunfight between two gangs in Charghat upazila of Rajshahi early Monday, reports UNB. Police identified the deceased as Fazlul Haque alias Fazlu, 48, son of Wahab Munshi. He was an accused in 10 drug cases, claimed police. A press released signed by senior assistant superintendent of police Abdur Razzak Khan, read that, being tipped off over a gunfight between two groups of drug traders at Rautha village around 1:45am over establishing supremacy, a team of police rushed to the spot. Police opened 10 rounds of bullet to bring the situation under control.The drug traders also attacked police, leaving four policemen, including officer-in-charge of Charghat police station, injured, it said.Later, police recovered Fazlul’s bullet hit body from the spot and seized a foreign pistol, a magazine, one-round of bullet and 55 bottles Indian Phensidyl.Prothom Alo, however, could not verify the law enforcement’s version of the incident independently as no version of it was available immediately either from any witness or from any member of the victim’s family.last_img read more