Judge orders JayZ to face SEC questions in financial probe

first_imgNEW YORK, N.Y. – A New York judge says Jay-Z must answer questions from the Securities and Exchange Commission in a financial probe by the regulator.Lawyers for the SEC and Jay-Z settled on May 15 for a deposition Tuesday after U.S. District Judge Paul Gardephe (GAHR’-duh-fee) said Jay-Z can’t dodge the questions any longer.Jay-Z has argued that his testimony is not that important to the SEC’s probe of the Iconix Brand Group. Jay-Z, who was not in court, sold his apparel brand to Iconix in 2007. He also says he’s too busy getting ready for a worldwide tour starting next month.Gardephe said the SEC has shown that Jay-Z’s testimony about the sale of his company and his participation in meetings, phone calls and emails are relevant to the probe into Iconix.last_img read more

Trump proposes carmileage rollback states sue in protest

first_imgWASHINGTON – Citing safety, the Trump administration on Thursday proposed rolling back car-mileage standards, backing away from years of government efforts to cut Americans’ trips to the gas station and reduce unhealthy, climate-changing tailpipe emissions.If the proposed rule becomes final, it could roil the auto industry as it prepares for new model years and weaken one of the federal government’s chief weapons against climate change — regulating emissions from cars and other vehicles. The result, opponents say, will be dirtier air and more pollution-related illness and death.The proposal itself estimates it could cost tens of thousands of jobs — auto workers who deal with making vehicles more fuel efficient.The administration also said it wants to revoke an authority granted to California under the half-century-old Clean Air Act to set its own, tougher mileage standards. California and 16 other states already have filed suit to block any change in the fuel efficiency rules.“The EPA has handed decision making over to the fossil fuel lobbyists … the flat-Earthers, the climate change deniers,” said Massachusetts Attorney General Maura Healey.The proposal would freeze U.S. mileage standards at levels mandated by the Obama administration for 2020, when the new vehicle fleet will be required to hit an average of 30 miles per gallon in real-world driving.The proposed change, halting further improvement requirements, stakes its case on consumer choice and on highway safety claims challenged by many transportation experts.The administration says waiving requirements for greater fuel efficiency would make cars and light trucks somewhat more affordable. And that, it said, would get vehicles with the latest technology into the hands of consumers more quickly.It’s got “everything to do with just trying to turn over the fleet … and get more clean and safe cars on the road,” said Bill Wehrum, assistant administrator of the Environmental Protection Agency.The administration will now seek public comment on its proposal and a range of other options, including leaving the tighter, Obama fuel standards in place.Some Republican lawmakers supported the mileage freeze, but environmental groups and many states assailed it.“This has to be absolutely one of the most harmful and dumbest actions that the EPA has taken,” said Healey of Massachusetts, one of the attorneys general from 19 states and the District of Columbia objecting to the change. “It’s going to cost drivers here and across the country hundreds of millions of dollars more at the pump.”The EPA under President Barack Obama had proposed mileage standards that gradually would become tougher, rising to 36 miles per gallon in 2025, 10 mpg higher than the current requirement. California and the automakers agreed to the rules in 2012, setting a single national fuel economy standard.Soon after taking office, President Donald Trump called for a rollback, urging “common sense changes” if the mileage requirements threatened auto industry jobs.However, his administration’s report on Thursday projects that relaxing mileage standards would cost 60,000 auto jobs by 2030. Those losses would hit the estimated 200,000 U.S. jobs that deal with making vehicles more fuel efficient, said Simon Mui of the Natural Resources Defence Council.A Transportation Department spokesperson called the estimate of job losses “rough approximations.”Two former EPA mileage officials said the administration’s proposal departed from years of findings on fuel efficiency, car safety, exhaust emissions and costs.“They don’t offer any meaningful example of what has changed so dramatically” to warrant the reversal, said Jeff Alson, who until this spring was a senior engineer in the EPA’s transportation and air quality office. “In my opinion the only way they got there was, they knew what kind of results they were told to get and they cooked the books to get that result.”Chet France, an EPA senior executive until his retirement in 2012, called the administration’s contention that the mileage freeze would cause only a tiny increase in climate-changing exhaust emissions “bogus.”California Gov. Jerry Brown said his state “will fight this stupidity in every conceivable way possible.”The Obama administration had planned to keep toughening fuel requirements through 2026, saying those and other regulations on vehicles would save 40,000 lives annually through cleaner air. That argument remained on the EPA’s website Thursday.According to Trump administration estimates, the Obama fuel efficiency standards would raise the price of vehicles by an average of $2,340. That would price many buyers out of the new-vehicle market, forcing them to drive older, less-safe vehicles that pollute more, the administration says.Heidi King, deputy administrator of the National Highway Traffic Safety Administration, said the freeze would reduce highway deaths by 1,000 per year “by reducing these barriers that prevent consumers from getting into the newer, safer, cleaner, more fuel-efficient cars.”But private transportation experts say there are so many factors involved that the 1,000-lives figure is questionable. The affordability argument also ignores thousands of dollars of saving in fuel costs for each driver over the life of a car, opponents of the rollbacks said.Longstanding federal legislation has allowed California to set its own mileage standards given the choking smog that still sometimes blankets Los Angeles and other central and Southern California valley cities.More than a dozen states follow California’s standards, amounting to about 40 per cent of the country’s new-vehicle market.A drawn-out legal battle over the standards could hurt the auto industry as it tries to plan for coming model years.The Alliance of Automobile Manufacturers, a main industry group, sought to stave off any dispute between California and the federal government that could split the U.S. car market: “We urge California and the federal government to find a common sense solution that sets continued increases in vehicle efficiency standards while also meeting the needs of American drivers.”In 2012, when the standards were first adopted, cars were about 50 per cent of new-vehicle sales. Now they’re only about one-third, with less-efficient trucks and SUVS making up the rest.___Tom Krisher reported from Detroit. Don Thompson contributed from Sacramento.last_img read more

There will be Christmas Laid off call centre workers eager to return

first_imgSYDNEY, N.S. — Hundreds of Cape Breton call centre workers laid off just weeks before Christmas may now have jobs to return to in the new year.“There will be Christmas — there is some hope here,” said Michelle Hillier, who worked at ServiCom Canada for five years before being forced on the unemployment line earlier this month along with more than 600 colleagues.“If the jobs are there, I’m walking right back through the doors again.”The reopening of the call centre would be a significant gain for the economy of Cape Breton, a region that struggles with perennially high unemployment.An Iowa-based businessman offered $1.5-million for the idled call centre during an auction this week that was part of bankruptcy proceedings in the United States.The Sydney, N.S., operation was abruptly closed Dec. 6 after ServiCom’s U.S. parent, JNET Communications, filed for bankruptcy protection.Anthony Marlowe of Marlowe Companies Inc. (MCI) outbid two other interested buyers and was expected to travel to the region and meet with workers Thursday.“I was thrilled to find out that somebody is buying it and we could all have our jobs back,” said Chauncey Sullivan, who worked at the call centre for almost three years.“It was such a huge loss for a small community.”She said the mass layoff was “heartbreaking” but that “Capers” — or Cape Bretoners — have pulled together to support the workers.The community has banded together to raise money for the laid off workers, with donations flooding in and the Salvation Army providing food and payments for home heating oil and electricity bills.  Most of the workers were owed about four weeks in back pay when the call centre abruptly shuttered, a liability MCI Canada said rests with ServiCom.Justin Boutilier, who worked at the call centre for more than a decade, said while it’s great for the community and the regional economy to see the call centre reopen — there’s a “flip side.” “A lot of people are owed thousands of dollars … it leaves a little bit of a sour taste,” he said.Boutilier said some laid off workers who have qualified for employment insurance may go back to school or pursue training rather than return to the call centre.Brett Murphy, who worked at the call centre for two years, said the laid off workers are struggling to pay bills.“If this happened in July, it would be a little bit easier, but people are hurting this close to Christmas,” he said. “It’s great to know that hundreds of people will get their jobs back, we just need to get through this time.”In a statement Tuesday, MCI Canada said the call centre will reopen as early as Jan. 2, 2019 under a new name: The Sydney Call Centre Inc. The company also confirmed that MCI will enter a nine-year lease for the shuttered facility.Marlowe said it was clear that the bankruptcy proceedings in the United States were unlikely to produce any money for the workers. He said his company would offer sign-on and retention bonuses, but no figures were mentioned.“We hope that this will help lessen some of the financial impacts of the closing,” he said in a statement.Marlowe’s company was in the process of buying the call centre’s assets when it was shut down by the bankruptcy proceedings.He said his company will provide new and ongoing employment for the Sydney area. Again, no numbers were mentioned.“We are in a unique position to be able to quickly bring jobs back to Sydney, provide a valuable service to customers and add talented employees and capacity to the MCI portfolio,” Marlowe said.“Expanding into a new country in less than 30 days is a big undertaking, but we have a great team and technology in place to get it done … We have every confidence that the team in Sydney will further fuel our organization’s success.”The Canadian Presslast_img read more

Severe Thunderstorm Warning issued for BC Peace

first_imgSee the full warning below.Issued at 2019-06-27 00:19 UTC by Environment Canada: Severe thunderstorm watch issued for:B.C. Peace River, B.C. (087300)Current details: An area of thunderstorms just east of BC is moving toward the Peace River district and is expected to reach the region within the next hour. These thunderstorms have the potential to produce strong wind gusts, large hail and heavy rain.Lightning kills and injures Canadians every year. Remember, when thunder roars, go indoors!Severe thunderstorm watches are issued when atmospheric conditions are favourable for the development of thunderstorms that could produce one or more of the following: large hail, damaging winds, torrential rainfall.Please continue to monitor alerts and forecasts issued by Environment Canada. To report severe weather, send an email to [email protected] or tweet reports using #BCStorm. UPDATE – The watch has been updated to a warning with the following information added to the warning: At 5:37 p.m. MST, Environment Canada meteorologists are tracking a severe thunderstorm capable of producing very strong wind gusts, up to nickel size hail and heavy rain.FORT ST. JOHN, B.C. – A severe thunderstorm watch has been issued for the BC Peace.The watch says an area of thunderstorms just east of BC is moving toward the Peace River district and is expected to reach the region within the next hour. These thunderstorms have the potential to produce strong wind gusts, large hail and heavy rain.last_img read more

Modi again Womans bike journey from Chennai to Delhi seeks support

first_imgNew Delhi: With the objective of getting support for making Narendra Modi again the Prime Minister of India, Rajlaxmi Manda reached Delhi after completing her bike journey from Chennai. Welcoming Rajlaxmi, BJP Delhi Pradesh president Manoj Tiwari said that Rajlaxmi’s Bullet journey shows the enthusiasm for our popular Prime Minister Narendra Modi amongst the youth, women and the people of the country.He said that this enthusiasm which they are witnessing is the greatest practical survey of the country. “The sample survey taken by Rajlaxmi through her journey is the most reliable sample in which during this 1,500 kms journey 4 lakh people have signed for supporting Narender Modi as the Prime Minister again,” said Manoj Tiwari. Also Read – Gurdwara Bangla Sahib bans single use plastic After completing her 1,500 km journey from Chennai to Delhi, Rajlaxmi said that during her journey she got the cooperation of the people and met lakhs of people who really wanted to make Modi again the Prime Minister. “They were confident that the country needs the leadership of Narendra Modi. The reason is that under his leadership the Central Government’s schemes are benefitting the people and the women feel safe,” she said. Rajlaxmi Manda is a resident of Chennai, Tamilnadu and she initiated her campaign to appeal to the people of the country to make Narendra Modi again the Prime Minister. During her journey, she passed through 172 Districts and 10 States in 62 days completing 1500 kms. Her team included 25 people also. Rajlaxmi has a record in Guinness Book of World Record for dragging a loaded truck by tying it with her belt around her waist and now she has pledged to make Modi again the Prime Minister.last_img read more

Ice Cube Files BillionDollar Lawsuit Against BIG3 Investors Who

Ice Cube announced the launch of BIG3 professional basketball league in Jan. 2017. (AP Photo/Bebeto Matthews)Ice Cube and his BIG3 basketball league partner Jeff Kwatinetz are taking a group of Qatari investors to court over failure to invest in the retired baller’s league.Four men, including Qatar Investment Authority CEO Sheikh Abdulla bin Mohammed bin Saud Al Thani are named as defendants in the documents filed in Los Angeles Superior Court Thursday, April 5 by Cube and Kwatinetz’s attornies. According to TMZ, they allege that the investors were supposed to fuel $5 million into the organization as passive investors after being brought on in summer 2017. But instead, they actively inserted themselves in dealings without fulfilling the investment obligation.Instead, the investors spent lavishly, with Ahmed Al-Rumaihi losing $700,000 while gambling after the BIG3 finals. Excuses offered by the lenders for not paying up ranged from “sinuses” to it being a “long day bro.”At one point, when the plaintiffs asked for money yet again Al-Rumaihi allegedly yelled, “You don’t know who I know in L.A. and what they’re capable of. You should think of your safety and the safety of you and your family.”Plaintiffs and players are seeking a total of $1.2 billion in damages in the suit over defamation, defamation per se, trade libel and intentional interference with contractual relations. read more

Bob Tewksbury Figured Out What Two Hall Of Fame Pitchers Couldnt

Tyler Kepner of The New York Times wrote a fun piece Monday about Mickey Morandini, an unformidable second baseman for the Phillies, Cubs and Blue Jays from 1990-2000. Turns out the 170-pound Morandini hit an impressive .352 for his career against three pitchers elected to the Hall of Fame Tuesday afternoon: Randy Johnson, John Smoltz and Pedro Martinez.Morandini retired with a .268 overall average, so he’s a little like a guy who gets wet hopping over a puddle, then goes on to win the Olympic long jump.“I can name a handful of pitchers who threw probably 75 or 80 miles an hour, and I couldn’t sniff them,” he told the Times. “I can’t tell you how many ground balls to second I hit off Bob Tewksbury.”We can tell you.One.According to Baseball-Reference.com, in a June 5, 1992, game against Tewksbury and the St. Louis Cardinals, Morandini grounded to Cards second baseman Jose Oquendo, who threw to second to force out Morandini’s teammate Ricky Jordan.Morandini’s point — that he struggled against Tewskbury, an effective but by no means legendary pitcher — is right. He was a career 4 for 30 against Tewk, for a .133 average.By the way, the Times piece is a teensy bit misleading when it says Morandini “became Rogers Hornsby” (who hit a career .358) when he faced the three Hall of Famers. Morandini hit Smoltz and Martinez exceptionally well, but he hit just .200 (1 for 5) against Johnson.So to Morandini, Johnson was just another Bob Tewksbury.CORRECTION (Jan. 6, 6 p.m.): An earlier version of this article incorrectly referred to Mickey Morandini as a shortstop. In fact, he played mostly at second base.CORRECTION (Jan. 7, 10:30 a.m.): An earlier version of this article gave the wrong stats for Mickey Morandini’s performance against Bob Tewksbury. He was 4 for 30, not 4 for 32. read more

Shark week Without restrictions Titus has stories to tell

Although Mark Titus’ blog gave outsiders an unprecedented look at life as a college basketball player, its content was not without filter. Restricted by both NCAA and Ohio State overseers, some of Titus’ best stories might have gone untold.But now that he has broken the shackles of censorship, Titus plans to make it up to his fans. Free to tell all the stories he was forbidden to reveal, the former Buckeye benchwarmer has plenty to say. “I am going to write a book whenever I’m done,” Titus said. “I have some stories that need to be told that some people might not want me telling.” Titus, who said he plans to begin writing his book after he graduates in June, was witness to several exciting years as an OSU walk-on. He sat on the sideline during the Buckeyes’ Final Four run in 2007, an NIT title the following year, and he warmed the bench for this season’s Big Ten regular season and tournament championship team. With all that he’s seen, Titus said a book is the only way to tell it all. “Basically, it’s just going to be stories from all four years at Ohio State,” Titus said. “My first years here, I didn’t have my blog going, so there’s stuff from then, some Final Four stuff that I haven’t been able to write about, a lot of experiences.” Perhaps the most high-profile name Titus plans to write about is former Buckeye Greg Oden. Titus said that Oden, who made news earlier this year when some revealing photos of the NBA center found their way onto the Internet, should expect to be a popular subject of the book. “I’ve had the chance to play with some pretty great players at Ohio State,” Titus said. “There are a lot of stories to go with playing with such great players that I haven’t been able to tell. “Let me put it this way: I hope my book makes Greg Oden’s penis one of the least talked about stories involving him, because I have some good ones about him.” read more

AllAmerican gymnast notches another Wynn

Ohio State senior Brandon Wynn won his second consecutive individual National Championship in rings this weekend at the NCAA men’s gymnastics finals. Although OSU didn’t qualify for team finals on Friday night, seven individuals qualified for the all-around and individual group, and four of those seven qualified to move on to individual finals Saturday night. Wynn is just the second gymnast in program history to win two straight national titles in rings, tying interim co-coach Blaine Wilson. “I’m real happy I won an All-American,” Wynn said. “I just did what I needed to do.” Also competing for the Buckeyes in Saturday’s individual finals were freshmen Kris Done and Jeff Treleaven and junior Ty Echard. All four Buckeyes who competed in individual finals placed in the top eight for their event. Wynn tied for eighth on the parallel bars, was eighth on high bar and took home the National Championship in rings. Done took fifth on high bar, Treleaven placed third on vault and Echard placed second on the pommel horse. Treleaven and Done said they were just happy to have made it to the individual finals their freshman year. “I had nothing to lose,” Treleaven said. “There are a lot of juniors and seniors here, and they have four years of college experience compared to just one.” Wynn and Done were the only two Buckeyes competing in the all-around to move on to Friday night’s finals. “I was a little disappointed I messed up on the pommel horse,” Done said about his performance Thursday night. “But I still qualified for something (Friday) night.” Also qualifying into the individual group Friday night were senior Sean Regan and freshman Misha Koudinov for the floor exercise, Echard on the pommel horse, Treleaven on vault and junior Mike Behles on rings. The Buckeyes posted a total of seven top-ten scores in the six events Friday night. Placing for OSU were Wynn, who placed first on rings, sixth on parallel bars, seventh on the high bar and fifth in the all-round; Treleaven, who placed seventh on vault; Echard, who placed fifth on the pommel horse; and Done, who placed 10th on the high bar. Interim co-head coach Doug Stibel said he thought his team did well Friday night. “It’s hard to get back up and perform,” he said, “but the guys stepped up and had good routines.” Overall, the team said it was happy with the way it ended the season. “(This season) has been a roller coaster ride,” Done said. “But on the days it counted, we hit our routines.” read more

Ozil confirms injury

first_imgGermany playmaker Mesut Ozil has confirmed that he was unable to take part of the team’s final training session on Thursday, but added that he was able to complete some running exercisesThe German Football Federation had previously announced that the Arsenal midfielder is suffering from a bruised knee that was sustained in the friendly against Austria last Saturday.Joachim Low’s side lost 2-1 in the friendly, despite Ozil having opened the scoring for the world champions.However, the 29-year-old was later taken off after 76 minutes and has since been training by himself.“I didn’t take part in final team training today, but some running exercises were possible again,” Ozil wrote on Twitter.Top 5 Bundesliga players to watch during the weekend Tomás Pavel Ibarra Meda – September 11, 2019 With the international activity cooling down for the next month, we go back to the Bundesliga’s Top 5 players to watch next weekend.The German…I didn’t take part in final team training today, but some running exercises were possible again ???????? #DieMannschaft #RoadToRussia #ZSMMN @dfb_team pic.twitter.com/VN7nK4z9bp— Mesut Özil (@MesutOzil1088) June 7, 2018Germany will begin the defence of their World Cup title by first playing Mexico in Moscow on June 17   before later facing South Korea and Sweden in the remaining fixtures of Group F.last_img read more