Message massage feds wrestled with infrastructure bank narrative too

first_imgOTTAWA – Before its controversial tax proposals triggered a bitter war of words this summer, Finance Minister Bill Morneau’s department was waging a similar communications battle over another contentious file: the Trudeau government’s infrastructure bank.A briefing note to Morneau last spring offered a glimpse of the strategy his department hoped to use to overcome “communications challenges” surrounding a $35-billion infrastructure financing agency central to the government’s economic plans.The “secret” memo offered reassurances to Morneau that his department would continue to work with Infrastructure Canada to find openings where they could proactively counter criticisms and misunderstandings related to the bank.“The purpose and the benefits of the (Canada Infrastructure Bank) are not well understood,” said the May memo, signed by deputy finance minister Paul Rochon.“Messaging on the purpose of the CIB and the merit of its design could be reinforced. The (Finance) Department will be actively seeking opportunities to communicate the merits of the CIB to a broader audience.”It also offered some detail on how they could defend the bank, including a presentation designed to communicate its benefits “more plainly.”The partially redacted document, obtained by The Canadian Press under the Access to Information Act, was released last week as Morneau continues to fight fresh communications fires.This time, Morneau is struggling to sell his controversial proposals to change the tax system for small businesses, a measure that’s been met with howls of both opposition and grassroots outrage.Morneau bills the changes as necessary to end tax advantages unfairly exploited by some wealthy business owners. Critics, including some Liberal backbenchers, fear the changes could hurt middle-class entrepreneurs, damage the economy, hinder investment and potentially drive doctors out of the country.Amid the backlash, Morneau conceded last week that changes will be required to the proposals he announced in mid-July. The government is reviewing feedback it received on its tax plan during a 75-day consultation period that ended last week.In defending his tax proposals, Morneau has said misinformation is circulating about the tax reforms.“It’s not always the case that everything we’re hearing is unvarnished truth,” Morneau told the Senate last week in reference to some of the complaints the government has heard about the tax reforms.The government’s efforts to sell the infrastructure bank earlier this year also became a victim of misperceptions, according to the memo to Morneau.“A number of issues have been raised in the media coverage of the CIB proposal, which suggests there are communications challenges to overcome,” said the briefing, which also provided examples:— Media commentary suggested a lack of understanding about the bank’s functions and the country’s infrastructure issues, such as the infrastructure gap, the types of projects the bank would be involved in and why a new institution is needed.— Concerns that the bank would only help private-sector profits and do little for the public.— An impression the bank would privatize airports, even though Infrastructure Minister Amarjeet Sohi had publicly stated it would not be part of its mandate.The document also listed key areas of criticism from parliamentary hearings into the bank, including concerns about the financial risk of the bank’s activities for taxpayers, that it would not provide benefits to small municipalities and insufficient time for parliamentarians to study it.In the weeks after the memo was created, the bank attracted a significant amount of media attention — thanks, in part, to Independent Sen. Andre Pratte’s unsuccessful attempt to divide the budget bill to separate out provisions for the creation of the bank.Objections were also raised about the bank’s governance structure, which gives cabinet the final approval over projects to be financed.Political rivals have warned the Crown corporation will likely force Canadians to pay twice for their infrastructure — first via the public treasury and then through user fees that will generate corporate profits.The soon-to-be-operational bank is designed to use billions of public dollars as leverage to attract billions more in private investment for large, new projects — such as highways, bridges and transit systems.Infrastructure is central to the Trudeau government’s long-term growth strategy. It’s committed more than $180 billion for new projects over the next 11 years and, as part of the effort, its hoping to further boost investments with a lift from private cash.But in order to attract private capital the projects will have to be designed to generate steady, reliable returns for investors through revenue streams such as user fees.Sohi has argued the bank will be a tool to fund infrastructure projects that may not otherwise be built, or projects that public or private bodies can’t afford on their own.Follow @AndyBlatchford on Twitterlast_img read more

For builders demand and economy up so are interest rates

first_imgNEW YORK, N.Y. – The outlook from U.S. builders is being buoyed by a strong job market and a sizzling hot economy.The National Association of Home Builders/Wells Fargo builder sentiment index released Thursday read 72 for the second consecutive month. That’s still just 2 points shy of December’s reading, which was an 18-year high for optimism among the nation’s builders.Readings above 50 indicate more builders see sales conditions as good rather than poor. The index has been above 60 since September 2016.The February reading was in line with the expectations of industry analysts, according to a survey by the data firm FactSet.Builders’ view of current sales conditions fell slightly, though the outlook for sales over the next six months rose two points, to 80. A measure of buyer traffic held steady at 54.“Builders are excited about the pro-business political climate that will strengthen the housing market and support overall economic growth,” said NAHB Chairman Randy Noel, in a statement.But, he added, that builders need to manage supply issues such as labour shortages and building material costs.The housing market remains strong overall. The National Association of Realtors reported that in December its pending home sales index increased for the third straight month. Pending sales contracts are a barometer of future purchases. Sales typically follow a month or two after a signed contract.Sales have been fueled by historically low mortgage rates, though if there are brakes to be applied to the housing market that may be where it comes from.The recent acceleration upward of both wages and prices is already a factor in huge swings across U.S. financial markets. Economists increasingly believe it’s become more likely that the Federal Reserve will grow more aggressive with interest rate hikes this year to keep inflation under control.Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years, a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home.Mortgage buyer Freddie Mac said the average rate on 30-year, fixed-rate mortgages rose to 4.38 per cent this week, up from 4.32 per cent last week and the highest since April 2014.The shares of almost every major U.S. homebuilder are hitting 52-week lows this week.last_img read more

UN wraps up repatriation of Southern Sudanese from DR Congo

Senior government officials who joined the welcome ceremony for the refugees, including a number who had been in exile for 17 years, hailed “the effort returnees will make in rebuilding their country,” Jennifer Pagonis, a spokesperson for the UN High Commissioner for Refugees (UNHCR), told a press briefing in Geneva. The 2005 peace accord ending the north-south civil war in Sudan – separate from the fighting in the country’s Darfur region – paved the way for the repatriation effort, which has seen the return of more than 8,000 Sudanese refugees from a string of refugee camps in the DRC’s north-west. The DRC becomes the second country – after the Central African Republic which wrapped up its repatriation to south Sudan in April – to complete the process. Launched in June 2006, the DRC operation ended Saturday when the last of 10 flights chartered to transport some 470 refugees from Dungu landed in Yambio in western Equatoria Province of south Sudan. In Yambio, UNHCR has supported the construction of eight water boreholes and sanitation blocks for area schools. “We have also constructed and equipped a maternity clinic, repaired and equipped six primary health care centers and are now building three more schools,” said Ms. Pagonis. In a related development, a meeting bringing together the Governments of Sudan and Kenya as well as UNHCR held in Khartoum last Friday agreed to increase the pace of repatriation of Sudanese refugees living in northern Kenya’s Kakuma camp. There are 45,000 Sudanese refugees there, down from 70,000 in December 2005. Since the start of voluntary repatriation to South Sudan, some 145,000 Sudanese refugees have returned home, more than 63,000 of them with UNHCR assistance, according to the agency. 5 June 2007The United Nations refugee agency has wrapped up its repatriation of southern Sudanese from the Democratic Republic of the Congo (DRC), ending a yearlong effort that saw the return of 8,000 people. read more

Senior UN official to go to Serbia for more talks on Kosovo

Secretary-General Ban Ki-moon’s Special Representative for Kosovo Lamberto Zannier received an invitation to meet with Serbia’s Foreign Minister Vuk Jeremic and Minister for Kosovo Goran Bogdanovic in Belgrade later this month, which he has accepted, the UN Interim Administration Mission in Kosovo (UNMIK) announced today.It said the consultations would broach a broad range of issues relating to Mr. Ban’s most recent report to the Security Council, in which he stressed the need for a reconfiguration of UNMIK after Kosovo’s declaration of independence from Serbia in February last year.Noting that the Mission has faced significant challenges to its ability to perform the vast majority of its tasks as an interim administration, including in civil and economic governance, where new institutions are being created and new roles assumed by the Kosovo authorities under the constitution they adopted, Mr. Ban said reconfiguration was being accelerated to adapt fully to the prevailing circumstances on the ground. UNMIK took over the administration of Kosovo in 1999 after North Atlantic Treaty organization (NATO) forces drove out Yugoslav troops amid deadly fighting with the majority ethnic Albanian population there. The UN has remained neutral on the question of the status of Kosovo, since its declaration of independence.Mr. Zannier recently held consultations with Kosovo authorities similar to those he will have in Belgrade, and is also consulting with other relevant stakeholders, in particular the European Union (EU), which is undertaking an enhanced operational role with its EULEX mission on the rule of law, the largest civilian mission ever launched under the European Security and Defence Policy.EULEX, which works under the general framework of United Nations Security Resolution 1244, operates under the overall authority and within the status-neutral framework of the UN, focusing particularly on the areas of international policing, justice and customs.Serbia has accepted these arrangements, but Kosovo’s authorities reject them, pledging instead to cooperate with EULEX in accordance with the mandate foreseen for it in Kosovo’s declaration of independence, its constitution and its legislation.In his report Mr. Ban said he was encouraged by Kosovo’s indication that it was willing to cooperate with EULEX and, inter alia, the EU and NATO. 12 February 2009A senior United Nations official will meet with Serbian ministers later this month for wide-ranging discussions on Kosovo, which proclaimed its independence a year ago in a move that Serbia rejects. read more

Serbian nationalist leader faces fresh contempt of court charges at UN tribunal

5 February 2010The leader of the Serb Radical Party was today charged with contempt of court by the United Nations war crimes tribunal for the Balkans over allegedly revealing details about protected witnesses in his own trial. The International Criminal Tribunal for the former Yugoslavia (ICTY) announced that it has initiated contempt proceedings against Vojislav Šešelj for having disclosed information on 11 protected witnesses in a book he authored, in violation of the Trial Chamber’s orders. The information released included the witnesses’ real names, their occupations and their places of residence.The indictment follows a confidential decision made by the ICTY’s appeals chamber on 17 December 2009 in which it found that the trial chamber had erred when it concluded in August last year that insufficient grounds existed to prosecute Mr. Šešelj for contempt. The prosecution’s original motion related to three books, whose titles are confidential, authored by Mr. Šešelj. The prosecution appealed the trial chamber’s findings in relation to only one of the three books. This is the second time Mr. Šešelj faces charges of contempt. On 24 July 2009, he was found guilty of contempt and sentenced to 15 months of imprisonment for disclosing the name and other personal details of protected witnesses. The case is currently pending before the appeals chamber.Mr. Šešelj had pleaded not guilty to nine charges at the ICTY, including murder, torture and persecution, relating to his alleged role in an ethnic cleansing campaign in the Vojvodina region of Serbia between 1991 and 1993.The trial resumed at The Hague on 12 January following a year’s delay after prosecutors said the case had been compromised by threats against witnesses. read more

Chemical weapons treaty key to global efforts against terrorism UN agency says

In a statement issued last Friday, OPCW’s Executive Council unequivocally condemned the 11 September terrorist attacks in the United States and expressed its condolences to the victims, their families, as well as to the US Government. The 41-nation Council said it was convinced that the comprehensive implementation of the Convention would contribute to the reduction of the threat of chemical terrorism, thus assisting global efforts to combat all forms of terrorism. It appealed to all States to implement the treaty so that, in the words of OPCW’s Director-General Jose M. Bustani, “no safe haven could harbour terrorists contemplating the use of chemical weapons.” The Council also urged States to comply with their obligations under the treaty, including the destruction of chemical weapons, and the prevention of the diversion and illegal use of chemicals and chemical technologies. “The Council urges the States Parties to develop further means and measures to provide legislative support and assistance to States Parties in the enacting of enforceable, national legal provisions for the effective implementation of the Convention, which prohibits any natural or legal persons anywhere on their territory from undertaking any activity prohibited under the Convention,” the statement said. read more

Afghan security commission negotiates ceasefire among rival factions – UN

“Unfortunately, it has been ascertained so far that the conflict resulted in the death of six people, including one civilian, and the wounding of at least one other person,” UNAMA spokesman Manoel de Almeida e Silva told reporters in Kabul.The ceasefire was negotiated by a delegation of the Multi Party Security Commission of the North, which UNAMA accompanied to the area.According to the spokesman, a Jumbesh Commander advanced towards Quland from a neighbouring village and then surrounded the house of a Jamiat Commander. “Jamiat forces in the nearby Sholgara district centre responded by capturing two Jumbesh commanders and one of their soldiers,” he said. The three were later released.While the Security Commission negotiated a ceasefire between the two factions, UNAMA held meetings with General Ustad Atta Mohammad of Jamiat in Mazar and General Haji Habib of Jumbesh in Dihdadi District in Balkh. “The two gave their assurances that both sides would refrain from fighting in Sholgara so that meetings with the local commanders from both factions and the Security Commission could take place,” Mr. de Almeida e Silva said.The area, while now calm, remains tense and unpredictable. Talks are continuing with both sides in a bid to restore stability.In another development, the Security Commission, with UNAMA support, is looking into rumors of flare-ups in both the Balkhab and Dara-i-Suf Districts in Samangan Province. “The reports circulating about the fighting deaths, injuries, and civilian casualties or about the factions involved have yet to be confirmed,” Mr. de Almeida e Silva said. read more

UNESCO chief condemns heinous assassination of Colombian journalist

“Democracy cannot be considered to be securely established while those who use the gun to curtail freedom of expression enjoy impunity for their crimes and I welcome moves by the authorities to collect information on this case,” Director-General Koïchiro Matsuura said of Oscar Alberto Polanco Herrera, known for his broadcasts criticizing authority, who was murdered in the city of Cartago “It is unacceptable and must be punished,” he added. Citing a 1997 UNESCO resolution calling for action to prosecute and punish crimes against journalists, he said, “it is essential that the authorities investigate this heinous crime.” While appreciating Colombia’s efforts, Mr. Matsuura noted that it remains one of the most dangerous countries in the world for journalists. According to professional organizations 5 journalists were killed there in 2003, nearly 60 kidnapped, threatened or assaulted, and more than 20 forced to leave their region and, in some cases, the country. read more

UN refugee agency appalled at continued drownings off Yemen

“People are drowning not because they have been denied access to protection or to the territory of Yemen, or because they fear interception at sea, but because they are desperate and at the mercy of ruthless smugglers,” Ron Redmond, spokesman for the UN High Commissioner for Refugees (UNHCR), said in Geneva.“Nor is there any authority in Bossasso trying to dissuade them from making the perilous journey in the first place,” he added.In this latest incident, Mr. Redmond said that four boats carrying up to 400 Africans that had sailed from Bossasso, in north-eastern Somalia. Off the Yemeni coast, survivors said they were told to jump into the sea and swim to the shore. Forty-five bodies have so far been recovered along the Yemeni coast. Some 50 people made it to shore and were taken to UNHCR’s reception centre in Mayfaah, where they have received shelter and food and are awaiting further transport on to the Al Kharaz camp near Aden. The remaining people have not been found, but many could well have arrived at different parts of the Yemeni coast and have decided not to seek help.Every year, thousands of Somalis and Ethiopians fleeing poverty and in Somalia’s case, insecurity, including desperate refugees trying to escape persecution and violence, fall prey to unscrupulous traffickers in the hope of reaching Yemen, from where many seek to make their way into Europe. On 3 March of this year, some 90 people, including women and children, died when a vessel carrying 93 passengers – one of six that had sailed from Bossasso – sank in the Gulf of Aden after developing a technical problem. A few days later, on 7 March, another 85 people were ordered to jump overboard while still far from the coast, and 18 drowned. Over 100 people were feared lost when a smugglers’ boat sank in the Gulf of Aden in March 2004, and at least 21 others perished in a similar incident in September 2003. People arriving in Yemen tell harrowing stories of journeys of 48 hours in small motorised canoes on rough, shark-infested seas.“This latest incident marks the start of calmer weather in the Gulf of Aden and we fear we could see more tragedies in the coming months,” Mr. Redmond said. “Most of the migrants normally start coming to Yemen between mid-September and March, when the sea is at its calmest.”UNHCR has praised Yemen as an exception amongst the Gulf countries in having signed the 1951 Refugee Convention. “[The country] has been extremely generous in receiving migrants and refugees,” Mr Redmond added. There are some 47,000 Somalis registered with UNHCR in Yemen, although the authorities estimate that hundreds of thousands more are on their territory. read more

Decent jobs deficit economic woes threaten to undo poverty reduction gains –

Along with these challenges, the ILO’s World Employment and Social Outlook 2016: Transforming jobs to end poverty notes that relative poverty in developing countries is on the rise. Indeed, it finds that more than 36 per cent of the emerging and developing world lives in poverty – on a daily income of less than $3.10 purchasing power parity (PPP). Noting that some $600 billion a year – or nearly $10 trillion in total over 15 years – is needed to eradicate extreme – and moderate – poverty globally by 2030, the report concludes that the problem of persistent poverty cannot be solved by income transfers alone; more and better jobs are crucial to achieving this goal.“If we are serious about the 2030 Agenda […] then we must focus on the quality of jobs in all nations,” said Guy Ryder, ILO Director-General in a press release on the report, which estimates that while almost a third of the extremely or moderately poor in developing economies have jobs, their employment is vulnerable in nature: they are sometimes unpaid, concentrated in low-skilled occupations and, in the absence of social protection, rely almost exclusively on labour income. Moreover, among developed countries, more workers have wage and salaried employment, but that does not stop them from falling into poverty. To that end, the report finds that the incidence of relative poverty has increased by one percentage point in the European Union, since the start of the global economic and financial crisis. Further, recent deterioration of economic prospects in Asia, Latin America and the Arab region and natural resource rich countries has begun to expose the fragility of employment and social progress. In some of these countries income inequality has begun to rise after decades of declines, raising the possibility that progress on poverty might be at risk. “Clearly, the Sustainable Development Goal of ending poverty in all its forms everywhere by 2030 is at risk,” Mr. Ryder continued.“Right now, while 30 per cent of the world is poor, they only hold 2 per cent of the world’s income,” said Raymond Torres, ILO Special Advisor on Social and Economic Issues. “Only through deliberately improving the quality of employment for those who have jobs and creating new decent work will we provide a durable exit from precarious living conditions and improve livelihoods for the working poor and their families.”The study also finds that high levels of income inequality reduce the impact of economic growth on poverty reduction. “This finding tells us that it is past time to reflect on the responsibility of rich nations and individuals in the perpetuation of poverty. Accepting the status quo is not an option,” adds Mr Torres.The report concludes with a number of recommendations to address the structural challenges to providing quality jobs and a concomitant reduction in poverty. They include, among others: tackle low-productivity traps, which lie at the heart of poverty; strengthen rights at work and enable employer and worker organizations to reach the poor; reinforce governments’ capacity to implement poverty-reducing policies and standards; and boosting resources and making the rich aware of their responsibility. Factory workers producing fresh fruit drinks in Nsawan District, Ghana. Photo: World Bank/Dominic Chavez read more

Eating red meat just once a day increases bowel cancer risk by

Existing evidence points to an increased bowel cancer risk for every 50 grams of processed meat a person eats per day, but the new study found that risk increases at just 25 grams per day.Dr Julie Sharp, Cancer Research UK’s head of health information, said: “The Government guidelines on red and processed meat are general health advice and this study is a reminder that the more you can cut down beyond this, the more you can lower your chances of developing bowel cancer. Department of Health guidelines say that while meat is a good source of protein, vitamins and minerals, people should cut their intake of red and processed meat to about 70 grams per day – the equivalent of around three rashers of bacon. Cancer Research UK’s expert in diet and cancer, Professor Tim Key, who co-authored the study and is deputy director at the University of Oxford’s cancer epidemiology unit, said: “Our results strongly suggest that people who eat red and processed meat four or more times a week have a higher risk of developing bowel cancer than those who eat red and processed meat less than twice a week.”There’s substantial evidence that red and processed meat are linked to bowel cancer, and the World Health Organisation classifies processed meat as carcinogenic and red meat as probably carcinogenic.”Most previous research looked at people in the 1990s or earlier, and diets have changed significantly since then, so our study gives a more up-to-date insight that is relevant to meat consumption today.” For the new study, published in the International Journal of Epidemiology, experts examined data from 475,581 people aged 40 to 69 at the start of the study and followed them for an average of 5.7 years.During this time, 2,609 people developed bowel cancer.The new study found that people consuming an average of 76g per day of red and processed meat had a 20 per cent higher risk of bowel cancer compared with those who ate 21g per day.For processed meat only, the risk was 19 per cent higher for those who had an average of 29g per day – about one rasher of bacon or a slice of ham – compared with those who had an average of 5g per day.And for unprocessed red meats, the risk was 15 per cent higher for people who ate 54g per day – about one thick slice of roast beef or one lamb chop – on average compared with those who had 8g per day.The study also found that those with the highest intake of fibre from bread and breakfast cereals had a 14 per cent lower risk of bowel cancer.Around one in every 15 men and one in every 18 women will develop bowel cancer during their lifetime. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. Eating red meat just once a day increases your risk of bowel cancer by a fifth, a study by Oxford University suggests. The research based on almost half a million British men and women found that even moderate consumption of ham and bacon was linked to an increased chance of developing the disease.Scientists recommended cutting intake of red and processed meat to no more than twice a week, in light of the findings.Bowel cancer is the third most common type of cancer in the UK, with around 23,000 diagnoses annually.It has long been linked to heavy consumption of red meat – especially processed types.However, the new research suggests that even a modest intake of such foods had a significant impact.The study, part-funded by Cancer Research UK, found that every 25 grams of processed meat eaten daily – equivalent to a rasher of bacon or a slice of ham – increased the risk of bowel cancer by 20 per cent. Every 50 grams of unprocessed red meat – a lamb chop or thick slice of roast beef – was linked to a similar increase in risk.Overall, those sticking to Government guidelines on red and processed meat consumption carried risks around a fifth higher than those who limited their intake to very small amounts. read more

Windies rue poor batting as New Zealand wins first ODI

Ross Taylor (R) of New Zealand bats watched by West Indies Shai Hope (L) during the first ODI cricket match between New Zealand and the West Indies at Cobham Oval in Whangarei on December 20, 2017. (Photo: AFP)WHANGAREI, New Zealand (AFP) — New Zealand cruised to a five-wicket win over the West Indies in the first one-day international on Wednesday as the tourists’ batting line-up failed to perform.The return of Chris Gayle could not spark the West Indies, with the short-form master managing only 22 as his team struggled to 248-9 after losing the toss and being sent in to bat.The Black Caps always looked comfortable chasing the modest total, overhauling it with four overs remaining at Whangarei’s Cobham Oval.West Indies skipper Jason Holder said his side needed to be “a lot better with the bat” as they chase their first ODI series win in New Zealand since 1995.“It was tough, I didn’t think we had enough runs,” he said. “We kept losing wickets at crucial stages of the game and never really gathered momentum.“That obviously hampered us today and we’ve just got to correct it.”There were some bright spots for the Windies, with opener Evin Lewis notching a classy 76 and Rovman Powell staging a pugnacious rearguard action to score 59 off 50 balls.Gayle — fresh from notching a record 18 sixes in the Bangladesh Premier League T20 final — had an uncharacteristically subdued innings.He fell victim to resurgent New Zealand paceman Doug Bracewell, who was named man of the match after celebrating the end of a 15-month exile from the national team by claiming four wickets for 55.Bracewell had fallen out of favour with New Zealand Cricket after a string of off-field incidents, including a drink-driving conviction earlier this year.The 27-year-old was called up as a last-minute replacement for Colin de Grandhomme after the all-rounder ruled himself out of the series following his father’s death.“For him to come back and perform the way he did, taking some big scalps for us, was outstanding,” said captain Kane Williamson.Spinner Todd Astle also contributed three for 33 in his ODI debut as the Black Caps attack maintained constant pressure with the ball.New Zealand opening batsmen George Worker and Colin Munro laid the foundation for the hosts’ chase with a 108-run partnership.Worker finished on 57 and Munro 49 as New Zealand’s top order all made starts, with Williamson contributing 38 and Ross Taylor unbeaten on 49.The loss leaves the West Indies yet to register a win on their New Zealand tour after a 2-0 whitewash in the Test series.They are in a form slump that has seen them win only three of 17 ODIs contested in 2017.The next fixture in the three-match ODI series is in Christchurch on Saturday.Williamson and paceman Tim Southee will be rested for the second and third matches. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedWindies pin hopes on Gayle force for New Zealand ODIsDecember 18, 2017In “Sports”Windies skipper Holder laments another batting collapseDecember 27, 2017In “Sports”West Indies Women suffer ODI WhitewashFebruary 26, 2014In “Sports” read more

Normet concrete spraying simulators – a new generation

first_imgFor several years now, Normet Academy; Normet’s training body, has used simulators as the vital part of service (in hydraulic and automation), concrete spraying and scaling training programs for mining and tunnelling operators. The use of simulators in operator training is safe, efficient and environmentally friendly. Also the most sophisticated training methods attract young and old trainees. Advantages of the simulator training include that the equipment fleet is not tied to training and can be used in productive work; and that there are no risks of accidents or machine failures in simulator training but difficult and dangerous situations can effectively be trained without risk.The stress free training environment also supports quick learning and there is no electric or fuel consumption. In the case of concrete spraying simulator training there is also no cost on the used concrete or accelerator. Finally, every operator has a fair and equal environment to show their performance. Normet has now updated its concrete spraying simulators. The environment where spraying is done can be chosen. The user can spray either in a mine, in a tunnel site or even a scanned environment can be used. There is also a wide selection of Normet tunnelling and mining sprayers to choose from (Spraymec 8100 VC, Spraymec 6050, 1050 WPC, MF 050 VC or Alpha 30).In the pre-training scenario, the trainee learns how to manipulate the spraying boom with the machine’s original radio control. After familiarising themselves with basic boom movements using radio-control joysticks, the trainee can start to pierce balloons with the spraying nozzle tip. When the spraying boom manipulation starts to be fluent, basic spraying techniques exercise can be started. It is an instructive exercise with spraying order/path, distance and angle rehearsals.Actual spraying exercises include spraying in a straight tunnel, at tunnel end, in curved tunnel or at tunnel cross section.Competition mode is also available under training scenarios, as introducing some competition can help to improve performance. In this new generation Normet Concrete Spraying Simulator high quality graphics also makes spraying more realistic. Visual indicators help trainees to learn quickly the correct operating methods. When spraying the coloured concrete layers indicate the thickness of the concrete while spraying (red layer – too thick; green layer – perfect; and blue layer – too thin). Nozzle angle indicators and indicators showing nozzle distance from the wall help trainees to learn the right nozzle position. In the new version, concrete flow and its behaviour has been made as realistic as possible. Original spraying boom kinematics from 3D models with material properties, hydraulic and concrete hoses modelling ensures natural behaviour in the simulation, while a new graphical user interface is modern and easy-to-use.After each exercise, a detailed individual operator report is produced based on performance that can be printed out or transferred as a text file. This report includes information with informative pictures and graphs on the accuracy of concrete thickness, sprayed concrete quality, nozzle distance and angle accuracy. It also shows material usage, rebound, efficiency (sprayed area per hour), excessive accelerator and concrete usage and costs based on spraying parameters adjusted before the exercise.Normet states: “Simulation is the best way to measure operators’ skills and their improvement as results are always comparable and there are no changes in concrete quality or circumstances. The power of simulators in training can only truly be realised if they are integrated into a well-thought-out training program including, in the case of concrete spraying, classroom and hands on training on the equipment, their operation and maintenance, and the basic understanding of concrete spraying and chemicals used in concrete as well as economy in spraying.”On average, trainees who have undergone Normet Academy’s simulator training has shown an improvement in operator efficiency by 23%. The improvements have been: less rebound and usage of accelerator, lower cost per square metre of sprayed concrete on the wall and faster cycle times, together with higher quality of sprayed concrete. “According to feedback from customers after simulator training they have had huge reduce of rebound and improvement in sprayed concrete quality.”last_img read more

MVM takes up Womens EHF FINAL4 title sponsorship for the second year

MVM ← Previous Story PSG Handball win French Cup 2015 Next Story → Meshkov Brest have to find new coach – Babic to focus on Croatia! MVM is a successful, Hungarian energy company group which is – based on its revenue – the 20th biggest enterprise in central Europe.It already supplies energy for the entire Hungary, but the company would like to become a determinate company group also on regional level.With its power stations it actively produces energy, putting an emphasis on renewable resources as well. MVM is the owner of the high-voltage network and the controlling company ofthe electricity system in Hungary.Through its sales companies it provides electricity to large consumers as well as to small and medium-sized enterprises. The companies working on the Hungarian power and gas stock exchange are also part ofthe group.Furthermore the MVM Group is present also in the telecommunication market and since 2011 also on the gas wholesale market.Different engineering companies (engineer office, power-line construction) as well as operation, financial and informatics service providers form also part of the group.With its investments and business shares, the MVM Group plays a significant role in the gas supply in Hungary and beyond.MVM Group actively engages in sports sponsoring, supporting in particular the successful Hungarian teams and international sport events. Since 2013 it is main sponsor of the Győri Audi ETO women’s handball teamand the title sponsor for the men’s handball team of MKB-MVM Veszprém.In 2014 MVM was the main sponsor of Water Polo European Championship, since April 2014 it isthe sponsor of the SzolnokiDózsa Water Polo Team and since October 2014 also the sponsor of the ABA League Basketball Championship.One of the most significant engagements, however, is the title sponsorship for the Women’s EHF FINAL4 which is known as the MVM EHF FINAL4 since 2014. read more

Municipal workers gear up for more action

first_imgTension broke out on Wednesday as municipal workers, slated to lose their positions under austerity measures dictated by Greece’s foreign creditors, tried to force their way past a metal fence erected to prevent them from reaching Parliament. Meanwhile the union of municipal workers, POE-OTA, called a fresh 48-hour strike, starting on Thursday, in protest at government plans to place several hundred employees in a labor reserve scheme.“We are determined to continue our struggle to prevent dismissals ordered by the troika that the vile three-party government is pushing for,” the union said in a statement. The action was announced in the wake of a unionist decision not to work this weekend. A separate 48-hour strike has been called for next Monday, while POE-OTA will also take part in a 24-hour strike organized by ADEDY, Greece’s main private sector union, next Wednesday.In central Athens, protesters threw garbage outside the offices of the Democratic Left party on Aghiou Constantinou Street. Antonis Manitakis, the minister for administrative reform who has in the past pledged to veto any measures allowing for public sector layoffs, is aligned with the junior coalition partner. Protesters later marched to Parliament, where they knocked down a metal fence blocking the entrance. Unionists remained there until a delegation had returned from talks with government officials. No details about the meeting were made available. Later in the day, unionists marched to the building that houses the civil servants’ auxiliary pension fund (TAEDY), preventing Labor Minister Yiannis Vroutsis from leaving the offices for more than half an hour.“They will always find us in front of them. We will fight to our last ounce of strength,” POE-OTA head Themis Balasopoulos told journalists outside the building.Unionists also tried to disrupt a meeting between Athens Mayor Giorgos Kaminis and the head of the European Commission’s Task Force to Greece, Horst Reichenbach. The meeting was moved to a different venue. Source: Kathimerini Facebook Twitter: @NeosKosmos Instagramlast_img read more

FTC rests case against Qualcomm arguing its a monopoly in mobile chips

first_imgThe FTC has argued the no license, no chips policy gives Qualcomm too much leverage in negotiations and prevents competitors from entering the wireless chip market. Huawei, Intel, Lenovo and others testified during the trial that Qualcomm required them to sign licenses before being able to buy the company’s chips. And Apple, which has been fighting Qualcomm in patent and licensing lawsuits around the globe, sent two executives to testify on behalf of the FTC. Apple believes Qualcomm’s fees are too high; it thinks it should pay a fee based only on the value of Qualcomm’s connectivity chips, not the entire device. Apple, arguably the most powerful company in technology, said it felt it had no options when it came to negotiating over Qualcomm’s licensing fees. Tony Blevins, Apple’s vice president of procurement, on Friday testified that Apple wanted to build an Intel communication chip into its iPad Mini 2, released in fall 2013, but Qualcomm’s hardball business methods crushed the plan. Apple didn’t like relying solely on Qualcomm for modem chips, Blevins said, but in exchange for exclusive use of its chips, Qualcomm offered Apple rebates that reduced costs so they were no longer “exorbitant.”And Apple Operating Chief Jeff Williams on Monday testified that his company felt that it had to sign contracts for amounts it thought too high — a royalty of $7.50 per iPhone — in order to maintain access to Qualcomm’s chips. “We were staring at an increase of over $1 billion per year in licensing, so we had a gun to our head,” Williams said as he explained why Apple signed another licensing agreement in 2013, despite being unhappy with the terms.  That’s a very heavy hammer that Qualcomm is bringing down, at least as a threat, in those negotiations. Carl Shapiro, professor of economics at the University of California in Berkeley $999 Apple waiting on a 5G phone, Qualcomm’s ultrasonic fingerprint… Sep 1 • iPhone 11, Apple Watch 5 and more: The final rumors reading • FTC rests case against Qualcomm, arguing it’s a monopoly in mobile chips Qualcomm-FTC lawsuit: Everything you need to know Apple: Qualcomm’s hardball tactics squeezed Intel chips out of iPad Mini 2 Qualcomm CEO defends chip-licensing business in FTC trial Apple’s 5G iPhone shift bogged down by Qualcomm chip battle Carl Shapiro, a University of California professor of economics and an expert witness for the FTC, took the stand Jan. 15 in the trial against Qualcomm.  Vicki Behringer The US Federal Trade Commission on Tuesday presented its last witnesses and evidence in its case against Qualcomm. Now it’s up to Qualcomm to defend itself in the coming days against claims it’s a monopoly in wireless chips. The FTC, aided by chipmaker Intel and iPhone vendor Apple, filed suit two years ago, accusing Qualcomm of forcing customers like Apple to work with it exclusively and charging excessive licensing fees for its technology. The US believes Qualcomm has a monopoly on modem chips and harmed competition by trying to maintain its power. Qualcomm’s “excessive” royalty rates prevented rivals from entering the market, drove up the cost of phones and in turn hurt consumers, who faced higher handset prices, the FTC said. Qualcomm has argued the FTC’s lawsuit is based on “flawed legal theory.” It’s said that customers choose its chips because they’re the best and that it has never stopped providing processors to customers, even when they’re battling over licenses.  CNET may get a commission from retail offers. Aug 31 • Best places to sell your used electronics in 2019 iPhone XS, XS Max and XR: 27 tips and tricks to master Apple’s latest phones See All “Qualcomm should be commended for its technological achievements,” Shapiro added. “But…what’s really important is that companies who aren’t quite as good or who don’t have the scale are not impeded from trying to catch and threaten and challenge the leader.”He testified that Qualcomm is using its market power and its monopoly power over chips to extract an “unusually high amount” for royalties for patents. That raises the cost for rivals, weakens them as competitors and fortifies Qualcomm’s monopoly power, Shapiro said. Losing access to Qualcomm’s modems would impose costs on handset makers, including not being able to supply to consumers. “That’s a very heavy hammer that Qualcomm is bringing down, at least as a threat, in those negotiations,” Shapiro said. Michael J. Lasinski, CEO of IP consulting firm 284 Partners, on Monday testified that Qualcomm’s licensing fees are “far too high to be consistent with their FRAND operations.” Standard essential patents must be licensed in a fair, reasonable, and non-discriminatory manner. An Ericsson licensing executive, Christina Petersson, said in video testimony that a fair royalty rate for multimode LTE should be 6 percent to 8 percent per device. Lasinski said he determined it should be 6 percent because there’s a lot more going into a phone than when Ericsson came up with its rate.Qualcomm’s rates tend to be higher than that amount. Apple wanted to pay $1.50 per device in royalties to Qualcomm, based on a 5 percent fee for the cost of each $30 modem connecting iPhones to mobile networks. Instead, it ended up paying $7.50 per phone, an amount Qualcomm later wanted to raise, Apple’s Williams testified. Qualcomm has argued that its broad patent portfolio and innovations justify its fees. CEO Mollenkopf, who took the stand Friday, defended the company’s licensing practices, saying the way his company sells chips to smartphone makers is best for everybody involved.NASA turns 60: The space agency has taken humanity farther than anyone else, and it has plans to go further.Taking It to Extremes: Mix insane situations — erupting volcanoes, nuclear meltdowns, 30-foot waves — with everyday tech. Here’s what happens. 28 Photos See It Post a comment Review • iPhone XS review, updated: A few luxury upgrades over the XR See It Apple wanted to use Qualcomm’s 4G LTE processors in its 2018 iPhones, but the chipmaker wouldn’t sell to it, Williams said. Qualcomm did continue providing Apple with chips for its older iPhones, including the iPhone 7 and 7 Plus, but it wouldn’t give Apple chips for last year’s iPhone XS, XS Max and XR, Williams said.”We have been unable to get them to support us on new design wins past that time [when Apple filed a lawsuit against Qualcomm],” Williams said. “This has been a challenge.”Williams’ comments appear to contradict testimony from Qualcomm’s Mollenkopf from Friday. He said on the stand that as of spring 2018, Qualcomm still was trying to win a contract supplying chips for iPhones, but that it hadn’t “had any new business” from Apple since its previous contracts expired. Because of the trial’s evidence date limitations, he wasn’t allowed to discuss the current state of Qualcomm’s business with Apple.Mollenkopf also testified that Qualcomm’s practices of offering a license before selling chips to companies is simply the best way to get things done for the whole industry, not just for his company. That’s because Qualcomm’s patent licenses cover lots more technology a phone might use than simply what’s in his company’s modem chips, which let phones talk to mobile networks.”We only sell to companies with a license because not all the IP [intellectual property] is covered in the chip. What we want to do is make sure the [phone makers] are covered,” Mollenkopf said. He pointed to the security framework used when phones connect to a network as an example. “It’s not embodied in the chip, it’s not in the phones, but it’s in all these things,” Mollenkopf said. “There’s a tremendous amount of IP we generate that makes the system work.”A heavy hammerCarl Shapiro, a professor of economics at the University of California in Berkeley, took the stand Tuesday to analyze the impact of the no license, no chips policy and Qualcomm’s royalty rates on handset makers, chip rivals and consumers. He concluded that Qualcomm had monopoly power over CDMA modem chips and over premium LTE modem chips through 2016.”It’s my view they harmed competition in those two markets,” he said.  0 Sprint Aug 31 • Your phone screen is gross. Here’s how to clean it 1:08center_img Mobile Components Tech Industry Phones • Best Buy Apple iPhone XS See also Tags Share your voice The trial kicked off Jan. 4 in US District Court in San Jose, California. Testimony covers negotiations and events that occurred before March 2018 and can’t encompass anything after that date. During the first six days of the trial, the FTC presented witnesses from companies like Apple, Samsung and Ericsson and experts from intellectual property consultancies and universities. It even called Qualcomm CEO Steve Mollenkopf. The trial has revealed the inner workings of tech’s most important business — smartphones — showing how suppliers wrestle for dominance and profit.The FTC rested its case shortly before 3:30 p.m. PT on Tuesday. The FTC took a quick break during its presentation of witnesses to allow Qualcomm co-founder Irwin Jacobs to testify. Jacobs, who spoke on behalf of Qualcomm, talked up the company’s long history in CDMA mobile technology. Qualcomm’s second witness took the stand after the FTC rested its case. Durga Malladi, Qualcomm’s senior vice president of 4G and 5G, detailed Qualcomm’s innovation in the mobile market.  Closing arguments in the trial will take place Feb. 1. ‘No license, no chips’Key to the FTC’s argument is Qualcomm’s so-called “no license, no chips” policy. Qualcomm sells processors that connect phones to cellular networks, but it also licenses its broad portfolio as a group. For a set fee — based on the selling price of the end device, typically a phone — the manufacturer gets to use all of Qualcomm’s technology. It’s phone makers who pay the licensing fee, not chipmakers. To get access to Qualcomm’s chips, which are broadly considered to be on the bleeding edge of wireless innovation, a phone maker first has to sign a patent licensing contract with Qualcomm. Qualcomm has long been the leader in 4G LTE, and it’s ahead of rivals in the nascent 5G market. The highest-end phones, like those from Samsung, have tended to use its modems.  Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? See it Apple Preview • iPhone XS is the new $1,000 iPhone X $999 $999 Now playing: Watch this: Boost Mobile Mentioned Above Apple iPhone XS (64GB, space gray) See It $999 Qualcomm ZTE 5G 4G LTE Intel Nokia Sprint Verizon Apple FTClast_img read more

Aadi Lakshmi Purana movie review and ratings by audience Live updates

first_imgNirup Bhandari and Radhika Pandit in Aadi Lakshmi Purana.PR HandoutAfter making a dream debut with RangiTaranga, Nirup Bhandari was seen in Rajaratha, which did not live up to the viewers’ expectations. He is now returning with Aadi Lakshmi Purana, written and directed by Tamil filmmaker V Priya, a former associate of Mani Ratnam.Aadi Lakshmi Purana has a couple of interesting elements and one among them is Radhika Pandit, who is making her comeback after a short break. In fact, this is her first film after her marriage to Rocking Star Yash. Also, the movie is different experience for Nirup, whose two earlier movies were directed by his brother Anup Bhandari.Cast and Crew: Tara and Suchendra Prasad appear as the parents of the character played by Nirup Bhandari. Veteran filmmaker Joe Simon will be seen in an important role among many others in the supporting cast.Rockline Venkatesh-produced movie has Anup Bhandari composing music. Preetha Jayaraman has handled the cinematography department, while Joni Harsha is the editor of the Kannada flick.Story:Aadi (Nirup Bhandari) is an undercover cop in the film. He comes across Lakshmi (Radhika Pandit), a MS Dhoni fan who has no interest in marriage, by accident during one of his assignments. It is love at first sight for him. In the next meeting, he is told that she is married. What follows next is the interesting part of the story.Analysis:Time and again, there have been rom-coms made on similar lines and Aadi Lakshmi Purana too has not new to offer, but the movie has the right ingredients to keep the audience entertained. There is a liveliness in the presentation and the chemistry between the hero-heroine remains the best part of the story. Anup Bhandari’s music is apt to the storyline. On the flip side, the drugs investigation plot is not convincing. Reviews:The movie has garnered a lot of buzz with its impressive teaser and trailer. With an interesting cast and good promotions, people are eagerly awaiting the release of Aadi Lakshmi Purana. Will it live up to the expectations? Check it out in the viewers’ words below:The morning shows have just started across Karnataka. Stay tuned to this page as we will bring you the viewers’ response to the film as and when it is out online.Nitish Dambal: #AadiLakshmiPurana is not up to expectation. Dialogues could have been better. Yet again a common prolonged story. An old stuff with new cover. That’s it. #AadiLakshmiPurana is a Feel Good Family Entertainer with a touch of social message. @nirupbhandari & Radhika Pandit hv done fab job. The comedy scenes featuring Thara, Suchendra Prasad are laugh riot. Songs could hv been better. Cinematography is neat. Easily Watchable -3.5/5Ayra: #AadiLakshmiPuraana @RadhikaPandit7 you were spectacular as an actor on screen @nirupbhandari too good as always Totally it was delightful to see u both create magic together onscreen ❤️ @RocklineEnt @TheNameIsYashSumalatha Ambareesh: This is one of the funniest sweetest love stories @RadhikaPandit7 ♥️as Lakshmi the sweetfaced liar, U are the best & @nirupbhandari u nailed Adi totally #RocklineVenkatesh’s #AdilakshmiPuraana is a total family fun-tertainer, absolutely loved itYash @TheNameIsYash: It’s amazing how you never cease to amaze me … everytime I see u on screen I fall in love with a new you … wishing u and your wonderful team a great success And Nirup you are looking great man, Rockline sir , Priya n Preetha you guys Will rock this one for Overall #AadiLakshmiPurana is a well-written, wholesome, entertaining film. @RadhikaPandit7 has stealed the show. @nirupbhandari too did his best and is well suited for the role #NamCinema Rating 3.75/5 .. Detailed Review Soon Arjun Kumar S: #Aadilakshmipurana is good rom-com entertainer. Watch it in the nearest theaters.last_img read more

Walmart raises equity holding in Flipkart to 81 after leadership upheaval

first_imgWalmart  [Representational Image]ReutersGlobal retail giant Walmart has raised its stake in Flipkart, which it acquired for $16 billion earlier this year. Walmart’s equity holding has gone up from 77 percent to 81.3 percent, according to the latest reports.The news comes even as turbulence from the drastic and sudden leadership changes at the storied Indian start-up, announced last week, is settling down. Flipkart owners Walmart rolled out market moving changes in the company last week with the announcement that group CEO and co-founder Binny Bansal was leaving the position while retaining his seat on the board.Bansal resigned after the Walmart management concluded that there was “a lack of transparency, related to how Binny responded to a charge of “personal misconduct”. With the exit of Bansal, Flipkart lost both of its co-founders at the helm, leaving Walmart with the room and freedom to roll out sweeping changes.Sachin Bansal, the other co-founder, had exited the company earlier this year after the US retail behemoth arrived at a deal with the iconic Indian startup, getting the better of many suitors in the process.Sachin Bansal’s stake had been acquired by Walmart after the co-founder decided to exit the company following the acquisition. Sachin was reportedly against Flipkart selling out to Walmart. Reports said he had preferred Amazon. Flipkart co-founders Sachin Bansal and Binny Bansal with Mukesh Bansal.Flipkart Binny Bansal, the other founder, now holds 4.2 in Flipkart. The other major shareholders in the e-commerce giant are Tencent, which has 5.37 percent stake, investment fund Tiger Global (4.77 percent), Microsoft (1.53 percent) and Accel Partners (1.38 percent).According to a Hindu Business Line report, the increase in Walmart stake could be an overhang from the $2 billion equity infusion Walmart announced at the time of the acquisition in May.Interestingly, with equity stake going above the sensitive 80 percent level, the US parent would find it difficult to rope in more external investors for Flipkart. Walmart had earlier said external investors would take stake in the company. Market reports suggested companies including Google and Intel had been wooed, while Microsoft was expected to increase stake. IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:01/1:04Loaded: 0%0:01Progress: 0%Stream TypeLIVE-1:03?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … The 10 Richest Families in the World Close The rising stake by the US parent would also spell trouble for the remaining co-founder, Binny Bansal. The 36-year-old is still on the Flipkart board though he resigned as group CEO last week. However, Binny Bansal would be able to retain his board seat only as long as his stake doesn’t fall below the minimum threshold.As per Flipkart’s regulatory filings, Bansal must own anything more than 3,532,977 ordinary shares in the company to automatically qualify for the board position.last_img read more

Longest ever Alpona on JU campus

first_imgStudents of Jahangirnagar University draw longest ever alpona on their campus. Photo: UNBJahangirnagar University campus wore a colourful look on Monday as the country’s longest ever alpona was drawn here, marking the 48th Independence and National day.Around 300 teachers and students of different departments took part in the drawing of the 2-kilometre-long alpona arranged by JU Teacher-Student Centre, reports UNB.JU vice chancellor professor Farzana Islam inaugurated the alpona drawing programme at the central Shaheed Minar premises around 3:00pm on Sunday which ended at midnight.The 2-km alpona was stretched from Bishmail area to Mir Mosharraf Hossain hall gate of the campus.Earlier, the students of Shahjalal University of Science and Technology (SUST) had pained a 1.75-km alpona on the campus in 2013.Meanwhile, at the beginning of the Independence Day programme, teachers, students and officials of the university sung the national anthem simultaneously at the central playground on the campus at 8:00am on Monday.Later, VC Farzana Islam accompanied by teachers, students and officials paid homage to the martyrs of the Liberation War by placing a wreath at the National Memorial at Savar.last_img read more

How Will Apple TV Shake Up Netflix Analysts Are Split

first_imgSome expect a seismic jolt. “Apple Poisons Netflix” was the title of the research note by Needham & Co. analyst Laura Martin, pointing to Apple’s estimated $2 billion content budget for original entertainment, its high-wattage creative partners and strong brand.Netflix “has an inferior competitive position to [Apple] over time, as we see it, in both: a) customer acquisition costs; and b) content costs,” Martin argued in her analysis. Apple has “zero consumer acquisition costs,” assuming it will first target its captive 900 million global user base, she wrote. Meanwhile, Apple’s content costs will be offset by the revenue share of subscriptions it will sell through the Apple TV Channels storefront for HBO, Showtime, Starz and others.Moreover, Apple has the ability to bundle together TV, games, news, and music subscriptions with new iPhone sales, Martin continued. Assuming the tech company prices its three new services (TV, games and news) at $10 per month each and it gets 10% of its installed base to subscribe to each one, that would add $32 billion in new revenue annually (nearly double Apple’s 2018 total services revenue). In turn, that would fund two to three times more content than Netflix — and Netflix, Martin noted, has been forced to borrow billions of dollars to fund its content spending.With Apple Music, Apple Arcade (its new game-subscription service) and Apple TV+, the company “will be able to cross-sell and integrate best practices of all 3 into a new innovative service never done before,” Martin wrote.But Apple’s plans to dive into the streaming space — and the talent it has been working with — were not exactly state secrets. The Cupertino “magic factory” has been plugging away for the last two years to assemble its programming slate under the direction of ex-Sony TV executives Jamie Erlicht and Zack Van Amburg.Other analysts think Apple TV+, whatever it ends up looking like at launch, will have a minimal impact in slowing Netflix’s roll.Raymond James analyst Justin Patterson doesn’t believe Apple’s streaming service will have a major negative effect on Netflix (nor, for that matter, will Disney+, the forthcoming subscription VOD service from the Mouse House). Netflix already competes with a slew of rivals, including HBO, Amazon Prime Video and Hulu. Is Apple’s star-fueled streaming service a “Netflix killer” — or just another incremental challenger chasing the market leader? Wall Street analysts don’t agree on whether Apple TV+ will put a big dent in Netflix’s subscriber momentum with the debut of its premium subscription VOD service later this year.At its splashy unveiling Monday, Apple trotted out a host of Hollywood boldface-name partners, including Oprah, Steven Spielberg, Jennifer Aniston, Reese Witherspoon, Steve Carell, J.J. Abrams and Sesame Street’s Big Bird, who talked about their projects for the forthcoming streaming service.A big challenge in assessing the impact of Apple TV+ is that the company left key questions unanswered: namely, what it cost and what exactly is going to be in the package. At the event, it screened only a 90-second supercut of the original shows it’s ordered to date. The streaming service is slated to debut in the fall of 2019 in over 100 countries. Another question about Apple’s strategy is why it unveiled Apple TV+ some six months before it is scheduled to become available — a “sneak peek,” CEO Tim Cook called it, while others likened the parade of Hollywood celebs to a TV upfront presentation. It could be that Apple expected the SVOD service to be ready to go in the spring of 2019. Or perhaps the company simply wants to build buzz for its originals leading up to the launch.For now, Netflix investors don’t seem overly spooked about Apple’s entrée on its turf.Netflix’s stock closed up 1.4% on Monday, to $366.23 per share, after Apple’s announcement, while it was down around 1.1% in morning trading Tuesday. Apple shares closed down 1.2% Monday — as investors were likely looking for a bigger bang from the much-hyped event — but were up 1.7% in Tuesday trading. “Similar offerings already exist, suggesting [the Apple TV+] service is more incremental than revolutionary,” Patterson wrote in a note. “We believe Apple’s and Disney’s launches will not adversely affect Netflix’s competitive position.” The analyst reiterated a “strong buy” rating on Netflix and a 12-month price target on the stock of $470.Apple has a massive footprint of users, but a question about its SVOD ambitions is whether it will have the volume of content win Apple TV+ subscribers, according to Morgan Stanley’s Ben Swinburne.“Does Apple have the appetite to spend its way to success?” Swinburne wondered in a research note Tuesday. He maintained that Netflix is well positioned for the battle: “Netflix’s risk appetite, singular focus and ability to bring the best of Silicon Valley to the best of Hollywood is still perhaps underestimated by the market.”Apple is offering the SVOD service through its redesigned Apple TV app. In a departure from its past strategy of tying hardware, software and services into one (closed) vertical stack, Apple is planning to launch the new Apple TV app this spring Samsung smart TVs and on Roku, Amazon Fire TV, LG, Sony and Vizio platforms at some point in the future.In any case, Apple’s subscription VOD service certainly stands to be a credible contender in the fight for the share of consumers’ entertainment dollars — which, of course, isn’t unlimited. In 2018, the average U.S. consumer subscribed to three video streaming services, according to research from Deloitte, and increasingly they’re frustrated by “subscription fatigue” in which they have to cobble together multiple services to get what they want to watch.Apple is playing a long game with the so-called “Netflix Killer” and has the opportunity to capture 100 million consumers for Apple TV+ over the next three to five years, according to Wedbush Securities managing director of equity research Daniel Ives.Apple TV+ “takes direct aim at [Reed] Hastings and Netflix over the coming years,” Ives wrote in a note. “We believe Apple’s goal here is to be a major distribution platform for content and with 1.4 billion active iOS devices worldwide, with the theme of family and safer viewing platform, Cupertino is trying to differentiate itself vs. competitors and flex its Apple brand muscles to get more consumers on this ‘trustworthy’ platform.” The analyst maintained his “outperform” rating on Apple’s stock.center_img Popular on Variety ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15last_img read more