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Chasing the American Dream

first_img The Best Markets For Residential Property Investors 2 days ago Affordability Amy Bonitatibus Chase Home Lending Homebuying Jon Kaplan Millennials Pinterest 2018-11-13 Donna Joseph Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Donna Joseph  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Related Articles Previous: Top 10 Cities Attracting New Residents Next: Enhancing Digital Mortgage Efficiency November 13, 2018 2,196 Views center_img The fixer-upper culture is gaining traction among millennial homebuyers given the affordability of these homes as an initial purchase. However, it is interesting to note that many young Americans rely heavily on online platforms for inspiration.“Pins & Properties: Chasing Your Dream Home” a report put together by Chase Home Lending and  Pinterest, reveals that millennials are the largest group of homebuyers today. Nearly two-thirds of millennials consider homebuying a goal they are determined to reach in their lives and 70 percent consider it the best long-term investment. Nearly 95 percent of the millennials said they planned some kind of renovation in the next three years. “For the second year in a row, millennials make up the largest group of homebuyers, seeing the value of this smart investment,” said Amy Bonitatibus, Chief Marketing and Communications Officer for Chase Home Lending. As most first time homebuyers do not have the income to afford their dream home right away, they purchase starter homes and make substantial upgrades eventually. Eighty-seven percent millennials are planning some kind of renovation and 68 percent intend to spend at least $20,000 on renovation projects. Seventy-five percent plan to finance home renovation projects by tapping the equity in their homes, the report found. Millennials are paying close attention to smaller and affordable renovation and ideas. Logistics and affordability are key factors for many who are preparing for a growing family. Jon Kaplan, Global Head of Partnerships, Pinterest, said, “Chase and Pinterest have similar missions in helping people make their dreams a reality. The partnership between our companies on the Chase Dream Boards visual interactive experience demonstrates the way in which we’re able to offer personalized recommendations that deliver unique value and guidance to potential home renovators. The report noted that pinners continue to prioritize DIY projects at home for decor and personalization, setting up a gym or laying bathroom countertops. Millennial homeowners also ranked ‘new landscaping’ as their top choice for renovation space. Projects like a closet overhaul are increasing over 7,000 percent in year-over-year search results. Pinterest said that it has experienced an increase in searches for ‘gold bar carts’ by 300 percent since 2017. Those looking to remodel outdoor areas were found 1.7times as likely to search for backyard party ideas. Interestingly, these Pinterest users are more than 1.5 times as likely to search for topics on budgeting as financial planning assumes great significance among first-time homebuyers. Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Home / Daily Dose / Chasing the American Dream Share Save Tagged with: Affordability Amy Bonitatibus Chase Home Lending Homebuying Jon Kaplan Millennials Pinterest Sign up for DS News Daily Chasing the American Dreamlast_img read more

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Watch Chick Corea Join John Mayer Trio For “After Midnight” In 2014

first_imgThe John Mayer Trio is truly awesome, and we can’t wait for them to return this fall. The band will be reuniting on October 27th to play a benefit concert at the Apollo Theater, and, if the rumor of a new album is true, we can’t wait to see what Mayer, bassist Pino Palladino, and drummer Steve Jordan have in store.With that in mind, let’s take a look back at this awesome performance from 2014. The John Mayer Trio came together for a special performance on Late Night With Seth Meyers, and Mayer invited some jazz icons to play with them. Manolo Badrena joined the band on percussion, Wallace Roney played trumpet, and, of course, the legendary Chick Corea added piano and synthesizer. The band turned in a bluesy, jazzy rendition of JJ Cale’s classic “After Midnight” that really soars. They were able to pack three impressive solos into the short four-minute-and-thirty-second frame allotted. Mayer seems at home on stage when he’s surrounded by icons, as we’ve seen in his time with Dead & Company, and hearing him solo after Roney’s beautiful trumpet solo and Corea’s note-bending synth solo is truly special.Check out the video below, and experience the awesomeness for yourself!last_img read more

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Ethan Hawke, Peter Dinklage & More Sizzle in New Group Reading of Things We Want

first_imgHow does The New Group celebrate their 20th anniversary season? With a star-studded reunion! The original stars of the 2007 world premiere production of Jonathan Marc Sherman’s Things We Want performed a benefit reading on January 5 at the Pershing Square Signature Center, directed by Ethan Hawke. After the performance, stars Paul Dano, Peter Dinklage, Josh Hamilton and Zoe Kazan posed for a company photo with Sherman and Hawke, as well as New Group artistic director Scott Elliott and executive director Adam Bernstein. Congratulations! Star Files View Commentscenter_img Ethan Hawkelast_img read more

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Column: Legalized sports betting is one bet paying off

first_imgThe action is coming fast and heavy.A bettor in New Jersey used his mobile app to win $325,000 on a $500,000 wager on Boston to win the World Series. Another DraftKings bettor hit a longshot money line parlay on longshots Oregon State and Kansas to collect $4,313 on his $50 bet.Many others, surely, will be scrambling to pay the rent next month after their can’t-miss bets somehow missed.For better or worse, sports betting is here to stay. Bettors are crowding into books in the six states where sports betting is now legal, and other states are lining up to open their markets to wagers.And as it spreads nationwide, sports betting is changing the way America’s biggest sports approach the game.The NHL this week announced a deal with casino giant MGM Resorts International that officially ties the league to a gambling company. That follows a similar deal MGM made earlier with the NBA.It’s only a matter of time before the NFL joins in to get a piece of the pie, and baseball wants its share, too.Meanwhile, regulators in Nevada announced Tuesday that sports books took in a record handle — and had record profits — in September as the stigma that once haunted sports betting fades into the background.“Our ticket count is through the roof,” said Jimmy Vaccaro, the longtime oddsmaker at the sports book at the South Point in Las Vegas. “It’s driven with new people who are playing. The same old people are there each week and now it’s the recreational guys showing up.”Those running America’s sports leagues are taking notice. There’s money to be made, and they’re wasting no time in going after it.A top Major League Baseball executive said earlier this month the league wants a 0.25 percent cut of betting handles in the spirit of “fairness” because it supplies the games bettors wager on.And the NFL — which was so concerned about betting a few years ago that it wouldn’t allow Tony Romo to host a fantasy sports conference in a casino — is now trying to figure out how to maximize betting revenues for its teams.How quickly things have changed since the Supreme Court decision in May opened the floodgates to nationwide betting.There’s no more moral indignation from the leagues. No more hand wringing about possible betting scandals.Just a mad dash to get a piece of the action in a market that will be worth billions of dollars.Fortunately, there’s enough money to make everyone happy in the end. The bookies are plenty sharp and the bettors plenty gullible, a combination that will lead to riches in the industry.Is it all good? No, because there is a cost associated with sports betting just as there is with any other vice that separates people from their money.Expect plenty of stories about bad beats and chasing money long since gone. Families will break up, and people will become homeless because a gambling addiction can be ruinous.The bottom line is there aren’t many who can beat the bookies, at least in the long term. The bettor who won a half million on the Red Sox will find that out, as will the longshot bettor who thinks the next parlay will finally be the one he wins.With the sports books pocketing, for the most part, a 10 percent vig (the house edge) on each bet, a bettor has to win 52.4 percent of the time just to break even. It sounds easy enough, but Las Vegas is filled with sordid tales of those who went bankrupt or worse trying to beat the bookies.It’s an adult activity that should be enjoyed in moderation. Betting the mortgage never works, and there is no such thing as a sure thing.But sports betting is here, and it’s here to stay. Like casino gambling did when it expanded beyond Nevada in the 1980s, it will become a part of the fabric of everyday society.Don’t expect any point shaving scandals to suddenly pop up and ruin that. It’s in the best interest of both the bookies and the leagues to keep their sports on the up and up, and they will.In the end, the leagues will not only survive the sports betting they feared for so many years, but thrive.Interesting how quickly they’ve decided sports betting isn’t so bad after all.___Tim Dahlberg is a national sports columnist for The Associated Press. Write to him at [email protected] or http://twitter.com/timdahlberg This Aug. 1, 2018 photo shows gamblers placing bets in the sports betting lounge at Harrah’s casino in Atlantic City N.J. On Oct. 30, 2018,  (AP Photo/Wayne Parry)last_img read more

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Future looks bright for NYS boys rep program

first_imgThe future of the boys rep program for Nelson Youth Soccer should be coming up roses sooner than later.That’s all because of the focus NYS is taking with the U12 program.“The focus at this age is development,” said mentor/coach, Jamie Spendlove.“We don’t want to cut any kids and perhaps discourage them from pursuing rep soccer. “A kid that might just miss out on the team at this age, if there were cuts, might be a star player in a couple years, with the extra development.”Spendlove said NYS would enter two teams for every tournament on the schedule — the strongest players spread onto both teams.“We’re making them balanced, but not as strong as if we entered just one team,” Spendlove explained. “This weekend in Kamloops was no different where we entered two, balanced teams in the tournament.” The results were somewhat varied as a result, but overall, some strong performances were delivered from both teams and all the boys. “I was very pleased with the strong play and leadership shown by our second year players that were put on both teams,” said coach Kerry Dyck.“They lead the way.  But at the same time, several of our new players, both U12 and U11, stepped up at times with great performances as well.  I found that very encouraging. “You could see the progress even through the weekend.”The first Nelson team finished the weekend with one win and three losses. However, in two of the three losses, the team played very well, and with a bit of luck, could have come away with a tie or even a win. The second Nelson team finished the weekend with two ties and two losses. Again, they played very well in three of the games and could have won both of the games they tied and even in one of the losses.Leading the way for Nelson from both teams with goals was Ezra Foy with four, followed by Angus Paterson with two and singles by Keanu Tromans, Jesse Thurston, Jesse Harold, Dylan Luscombe, Bradey Sookero, Max Spielman, Josh Schacher, Thomas Baxter and Jaden Dyck. Jesse Thurston, Max Spielman, Sam Foy, Jaden Dyck and Bradey Sookero won game MVP honours.The U11/U12 Selects’ next action is June 2-3 in Kalispell Montana.last_img read more

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first_imgARCADIA, Calif. (Dec. 29, 2016)–A close fourth with a troubled early trip in her most recent start, English-bred Miss Sugars added blinkers and was up to win Thursday’s $75,000 Blue Norther Stakes at Santa Anita by a head under Tyler Baze as she stopped the clock for one mile on turf in 1:36.24.Trained by Jeff Mullins, Miss Sugars was closer to the early pace with the equipment change and was three-wide turning for home while third behind pacesetter Princess Roi, who dug in tenaciously to finish second in a three-way photo for the win.“In England, they don’t have anybody with them in the gate and since this is only her third start here, they load me and then we’re on our own,” said Baze.  “She broke great today and the trip we got worked out just the way we wanted it to.  We were up closer and able to save ground early and around the far turn I took a look back and just decided to let her kick before the others did.“She tries really hard and Jeff’s been a big part of my career.  It’s great to end up the year winning a race like this for him.”Off at 6-1 in a field of 10 juvenile fillies, Miss Sugars paid $14.60, $7.00 and $5.00.Owned by Red Baron’s Barn, LLC and Rancho Temescal, LLC, she improved her record to 8-2-3-1.  With the winner’s share of $46,800, she increased her earnings to $71,985.“Well today, we didn’t have to go through the steeplechase deal,” Mullins said, as he laughingly referred to a weather related obstruction that caused Miss Sugars to lose some ground into the first turn of the Grade III Jimmy Durante Stakes at Del Mar on Nov. 26.  “The blinkers helped her lay closer to the pace today and it made Tyler’s job a little easier.  We’ll keep her on the grass.”Ridden by a comebacking Corey Nakatani, Princess Roi was pressured throughout by eventual third place finisher Tap It All, but dug in resolutely at the rail to nab the place by a nose.  Off at 15-1, Princess Roi paid $15.00 and $12.00.“I love this filly,” said Nakatani.  “We got pressure and for her to fight back like she did, shows her class.  I really want to thank Richard (trainer, Baltas) for putting me on her.  I’ve been working horses for him and this was a good opportunity.”Ridden by Mario Gutierrez, Tap It All broke from post position eight and vied for the lead with Princess Roi throughout and just missed winning.  Off at 28-1, Tap It All paid $12.00 to show.Fractions on the race were 23.49, 47.67, 1:12.35 and 1:24.29.Racing resumes at Santa Anita on Friday, with first post time at 12:30 p.m.  Admission gates open at 10:30 a.m.last_img read more

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Warriors making a big change with Jacob Evans

first_imgAfter watching Jacob Evans struggle in his rookie season, the Warriors are moving last year’s No. 1 pick to point guard, assistant general manager Larry Harris revealed before Thursday night’s NBA Draft.In an interview on 95.7 FM’s “The Damon Bruce Show,” Harris said Evans will head to Summer League with a purpose.“This summer’s big for him,” Harris said. “We’re going to play him exclusively at point guard the entire Summer League, both in Sacramento and in Vegas. We think that’s going to …last_img read more

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The Insulation Empire Strikes Back

first_imgI was amused, and maybe a little surprised, to find a snail mail, printed letter from NAIMA, the North American Insulation Manufacturers Association, in my mailbox recently. This letter, signed by the executive vice president and general counsel, was in response to my earlier post regarding batt insulation. Here is the text of the letter. Please forgive any errors, as it was scanned and run through an OCR program.REGULAR MAILJanuary 17, 2011Mr. Carl SevilleAdvisor to Green Building AdvisorSeville ConsultingRE: Green Building Advisor Article “Should Batt Insulation Be Outlawed?”Dear Mr. Seville:Thank you for your article emphasizing the importance of proper installation of insulation. The North American Insulation Manufacturers Association (“NAIMA”) is aware of many qualified contractors who properly install a variety of insulation products, but NAIMA is an advocate of the importance of proper installation in order to achieve full thermal performance. Indeed. NAIMA’s published literature states: “Carefully read the manufacturer’s directions printed on packaging of batt or roll insulation to be sure the material is correctly installed.” In another NAIMA publication, it is stated that “[t]he performance of any insulation product is dependent not only on selecting the proper product but also on installing it correctly.” NAIMA also provides guidance and training materials to insulation contractors.What is true of all insulation products is that when properly installed, insulation delivers significant energy savings. What is also true of all insulation products is that all can be improperly installed. All insulation products must be installed correctly in order to achieve the intended thermal performance. The National Association of Home Builders (“NAHB”) has stated that “you can choose the right insulation, but it will not do the job it’s supposed to do if it is not installed properly.” The NAHB’s statement is directed towards all types of insulation products: batt and blanket, loose-fill, rigid board insulation, spray foam insulation, and others. Therefore, to single out fiber glass batts is unfair and inaccurate. If there is a problem with batts, there is a problem with all batts, including cotton, plastic, denim, rock wool, slag wool, or any other type of batt. Moreover, the rate of improperly installed fiber glass batts must also be weighed in balance with the fact that fiber glass is the most widely used insulation product in North America. Put simply, more fiber glass batts are installed so more are likely to be improperly installed.Many insulation products when incorrectly installed not only fail to deliver their optimum thermal performance, but may cause serious damage or destruction to the building too. Just consider a few of the following examples that effectively illustrate the need to apply equitably the phrase “when properly installed.”In your article, you mention that blown-in products might have been a preferable alternative, though more expensive. As noted above, there is not an insulation product, or any other product for that matter, that is foolproof. Spray foam insulation, which must be installed by experts, can be over-sprayed or under-sprayed. For example, a Maryland inspector reported about an insulation contractor who completely foamed all the walls, roof sheathing, ridge vents, attic fan, and soffit vents. The fan and vents ceased to function. In addition, significant fire and explosion hazards exist during installation of spray foam products. The Occupational Safety and Health Administration (“OSHA”) has identified several fatalities and incidents due to severe asthmatic attacks and fire/explosions associated with the use of isocyanurate-containing materials (which is one of the chemical hazards in spray foam products).Other examples of misapplication of spray foam include under-spraying that leaves gaps and holes similar to those described in your article on fiber glass batts. These gaps or voids will result in decreased R-value. If during a retrofit foam insulation is applied over a 48 inch space using only a two or three inch opening at one side, the foam will begin to expand and cure before it has reached the full depth of the cavity. This would block any more foam from filling the cavity, so random voids would result. Even proponents of foam insulation caution that “spray foam products must still be sprayed correctly.”Most other blown-in products can also be under-sprayed, fluffed, or subject to settling. For example, cellulose insulation settles over time. Third party documentation estimates that settling of cellulose insulation shows an average settling value of 19 percent. Therefore, if cellulose insulation is improperly installed without accounting for settling, cellulose insulation will lose about 19 percent of its R-value when it settles. Therefore, proper installation of cellulose insulation is required in order to improve energy efficiency. The installer must take into account installed thickness and settled thickness, which means additional product must be added to compensate for that settling factor.Too much cellulose insulation above ceilings, however, can impact the ceiling structure of the home. Based on US Gypsum weight limit recommendations for backloaded standard drywall and the installed density of shredded newspaper insulations, there is potential for ceiling drywall to sag at R-values above R-30 for regular cellulose insulation when installed over 1/2 inch ceiling drywall with framing spaced 24 inches on centers. Cellulose insulation, if improperly installed, can cause fires when the insulation is placed near a heat source. In fact, the Consumer Product Safety Commission (“CPSC”) regulates cellulose insulation as a recognized fire threat. To protect against that fire threat, CPSC regulations mandate the proper installation of cellulose insulation: “Based on available fire incident information, engineering analysis of the probable fire scenarios, and laboratory tests, the Consumer Product Safety Commission has determined that fire may occur where cellulose insulation is improperly installed too close to the sides or over the top of recessed electrical light fixtures, or installed too close to the exhaust flues from heat producing devices or apparatus such as furnaces, water heaters, and space heaters. These fires may result in serious injuries or deaths. Presently available information indicates that fires may occur where cellulose insulation is improperly installed even though the cellulose insulation complies with the Commission’s amended interim standard for cellulose insulation.”‘CPSC has actually issued regulations that mandate proper installation to avoid house fires, yet even a legal mandate cannot stop improper installation as attested to in the enclosed article, “Going Green May Make You See Red.” Improper installation of cellulose is so serious that this warning label must be affixed: Manufacturers of cellulose insulation shall label all containers of cellulose insulation with the following statement, using capital letters as indicated:CAUTIONPotential Fire Hazard: Keep cellulose insulation at least three inches away from the sides of recessed light fixtures. Do not place insulation over such fixtures so as to entrap heat. Also keep this insulation away from exhaust flues of furnaces, water heaters, space heaters. or other heat-producing devices. To be sure that insulation is kept away from light fixtures and flues, use a barrier to permanently maintain clearance around these areas. Check with local building or fire officials for guidance on installation and barrier requirements. Request to Installer: Remove this label and give it to the consumer at completion of job.Reflective insulation must be positioned adjacent to an air gap to be effective; otherwise heat will simply conduct through to the next solid layer that it touches. In other words, if the reflective insulation is positioned improperly, it will not deliver the intended thermal performance.If you are so anxious to outlaw insulation products, would it not be prudent to start with those products clearly identified as threats to life and safety? Certainly outlawing fiberglass batts should be a low priority. Perhaps in future columns you can join with NAIMA and many other insulation producers in advocating proper installation for all insulation products. To single out fiber glass actually does a great disservice to your readers because it suggests that it is somehow a unique issue to fiber glass when, in reality, it is an issue for the entire insulation industry.Sincerely,Executive Vice President, General CounselNorth American Insulation Manufacturers AssociationSo who is NAIMA anyway?According to its website, “NAIMA is recognized as the voice of the insulation industry for architects and builders; design, process and maintenance engineers; contractors; code groups and standards organizations; government agencies; public interest, energy and environmental groups; and homeowners. NAIMA is an authoritative resource on energy-efficiency, sustainable performance, and the application and safety of fiberglass, rock wool and slag wool insulation products.”OK, so we know they represent all insulation manufacturers, EXCEPT cellulose, foam, cotton, wool, and maybe a few others I am not aware of. So, it is not surprising that the letter focused on the dangers of spray foam and cellulose insulation while ignoring any potential problems with the products NAIMA represents. I do appreciate that they thanked me for emphasizing the importance of proper installation of insulation products, but I didn’t really need a lecture on how wonderful their products are and how evil the competition is. I suppose what I find the most interesting is that there was no acknowledgment that the title about outlawing batt insulation was tongue-in-cheek and meant only to get the reader’s attention, which it apparently did.I suspect that NAIMA wishes I had never written the post, and that the whole issue would just go away—but somehow I think that since the letter has inspired me to write about this again, it will have the opposite effect and help promulgate this post even further.last_img read more

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The lure of the Indian rupee

first_imgUS President Barack Obama’s $ 450 billion job stimulus did not have the desired effect on the global stock exchanges over the weekend, but if one talks of money being mopped up by ‘international sport’ in India, there seems to be no crunch at all.This has been a season of huge spending on sport in India, which is either taking place or going to take place. From football to Formula One and NBA stars and coaches coming for plenty of commercial reasons, there is no dearth of funds.For those who made a dash to Kolkata last week to watch Lionel Messi in action against Venezuela, it seemed like a life-long dream come true. Such was the craze to see Messi in action in flesh and blood that many people busted their credit cards to buy air tickets and also the high-priced ticket to enter the Salt Lake Stadium.Sadly, if you gift the same football fan a complimentary ticket and ask him or her to go to the Ambedkar Stadium to watch a domestic football match, that person would most likely refuse.While you can say this is the beauty of the fans’ connect with a global sport and how they are ready to pay for it, the reality is that the sport of football in India is not going to gain in any way from this. Messi has come and gone, his popularity soars, and those marketing the T-shirts, shorts and shoes with his branding are making a killing. What this simply proves is how, in India, people are willing to spend on a star and the associated merchandise.advertisementThis is not the first time the Indian market has been used for making profits. I still remember how the marketing agents played on Bayern Munich goalkeeper Oliver Kahn’s retirement.It was as if the German was keen to play his last match in Kolkata before walking into the sunset.Just imagine, a player who has never been to India becomes a hero and the public pays a price to go and watch this drama! And all this is happening at a time when Indian football is at an all-time low. But the tamasha does not end here. Week after week, international clubs are coming to India and setting up shop. Liverpool, Real Madrid and Manchester United are all here to announce how they are going to set up football academies.I refuse to believe this is going to improve the standard of Indian football in a huge way. While the popularity of these clubs in India will improve further, as also their TV ratings, perhaps they may end up raking in more moolah through their merchandise sales.Mind you, all this is happening at home when around the globe, there is fear of yet another recession.Liverpool have started a football academy in Noida under the helmsmanship of former player Steve McMahon (extreme left).Last week, when international hockey federation (FIH) president Leandro Negre took away the Champions Trophy from India, there was shock and indignation at home. Yet, Negre was smart enough not to name the next host city right away as he knows there is no better country than India to cough up the sponsorship and guarantee money.One of the stories doing the rounds is how the FIH got into a tricky situation last year when some money owed to them from India for the World Cup got caught in government tangles.The inside story is that when Negre comes to India next week, he may be able to strike a deal with the sports ministry.It could also mean the Champions Trophy being restored.All this conveys one common message – while we may be reluctant to spend on our own athletes, there is enough money to be splurged on big- ticket events, unmindful of how there really are no tangible returns.Add to this the drama of the arrival and departure of NBA coaches as well as former and present stars, and we are being made to believe as if our basketball will improve by leaps and bounds. A big corporate house like the Mahindras has tied up for a basketball academy, hoping that our hoopsters will benefit.However, my belief is that this will only contribute more to the popularity of NBA and increase the Indian TV viewership. As it were, the young Indian basketball fan knows who a LeBron James or a Kobe Bryant is. But if you ask him to tell you something about our own Ajmer Singh, the fan would draw a blank.advertisementBut the biggest circus of them all, owned by Bernie Ecclestone, takes place in Greater Noida on October 30. Even as economically stronger countries see Formula One races being taken away from them, money is no worry for the Indian Grand Prix.There is a $ 35 million guarantee which is being given to Bernie by track owners JP Sports for the Indian GP. Add to it the huge sum which Airtel pays up as title sponsor, and the figures are mind boggling.With the track homologation cleared, it is now time for the big car companies like Mercedes and Mahindra to announce their association with the Indian GP in various capacities.If the Indian F1 fan is lucky, he or she may get to see a Narain Karthikeyan or a Karun Chandhok behind the wheel of a racing beast which belongs to the back of the grid.Folks, all this is happening in India with less than 11 months for the London Olympics. The athlete who could bring us Olympic glory languishes even as more ‘East India’ companies are being set up on our soil.Ironic, isn’t it?s. [email protected]last_img read more

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BC warns Alberta of legal action business leaders warn of lost investment

first_imgB.C.’s Attorney General warned Alberta could be in for another legal battle if proposed legislation introduced by Premier Rachel Notley causes gas prices to spike.The bill would give Alberta’s Energy Minister the power to restrict exports of oil, gasoline and natural gas; a move that analysts say would drive up gas prices in B.C., potentially by more than 25-per cent.It all comes as investor confidence continues to wane given all the uncertainty around the Trans Mountain Pipeline expansion.Attorney General David Eby said the province would launch immediate court action on constitutional grounds if it believes the new law punishes British Columbia.“Any concern that British Columbians have that a bill that preferentially punishes British Columbia from the Alberta perspective and tries to drive up gas prices would be unconstitutional, we would take action immediately to address that,” he explained.“We know, as I’m sure they know, the constitution forbids discrimination around energy between provinces, Section 92 sub A, sub 2, it’s in black and white, and if there’s anything in this legislation that even suggests the possibility of discrimination against British Columbians, we will take every step necessary to protect the interests of British Columbians because it will be completely illegal,” argued Eby.Meanwhile, Canadian Chamber of Commerce President and CEO Perrin Beatty said all the delays and infighting are sending the wrong message to the international investment community.“Even if you spend hundreds of millions of dollars and go through the regulatory process to get a project approved, there’s still no guarantees the rule of law will be followed, so we need to clear that up,” he said.Beatty added Canada’s reputation hasn’t been damaged beyond repair but the longer it takes to fix the regulatory process the more damage will be done.last_img read more

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