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RBS GRG scandal: The baggage that could drag down Andrew Bailey’s quest to lead the Bank of England

By on September 4, 2021

first_img Tags: Bank of England Company FCA Mark Carney People Royal Bank of Scotland Group RBS GRG scandal: The baggage that could drag down Andrew Bailey’s quest to lead the Bank of England Bailey’s response was that the report had gone out for Maxwellisation – the process by which those criticised in an investigation are given the chance to respond.Pressed on when the report would be published, Bailey said the Maxwellisation process followed recommendations from the committee’s adviser, Andrew Green QC. Green was commissioned by the TSC to review the process in light of concerns that it had become unnecessarily long, particularly following the controversy it attracted during the much-delayed Iraq inquiry.Bailey said a time deadline had been set, and alluded to the process being finished in the first half of February. The FCA has itself insisted that there is no delay. It has said the responses from those named in the report were due in by mid February, and that is it now considering those responses.Coincidence?Just weeks into the new year, explosive allegations came to light that an arm of the Treasury, the Asset Protection Agency (APA) may have directed the behaviour of the GRG.Read more: Spotlight to shine on Treasury’s role in scandal-hit RBS GRG unit The FCA set down in the original scope of its work that if there was evidence of wrongdoing, there would be a second stage to the investigation.After publishing its findings, Promontory recommended that there should be this second stage, to delve into the “root causes” of the GRG misconduct. It wanted to examine, among other things, the influence of external stakeholders, the conflicts of interest of various parties involved and the reward and incentive structures for staff involved in the GRG.It was at this point that the FCA intervened. It said that because there had been evidence of wrongdoing, it would proceed straight to enforcement itself, and so there was no need for stage two. Cue outrage when last year the FCA said it was unable to sanction the bank. It said it would, in due course, explain why. But GRG victims are still waiting for answers.Read more: FCA accused of using legal red tape to delay report into RBS GRG unitWhen was the report due to be published?Appearing before the Treasury Select Committee in January, Bailey was asked about the progress it had made regarding the “fuller account of its findings from its investigation” into RBS GRG. In 2009, the Treasury set up the Asset Protection Scheme, which insured RBS’ toxic loans at the height of the financial crisis. Charles Randell, the current FCA chairman, advised the government on its set-up at the time, while he was a partner at magic circle law firm Slaughter and May – leading MPs to question whether the regulator is removed enough from the Treasury to really hold its behaviour to account.The claims of Treasury involvement in the GRG were revealed by Manchester-based businessman Oliver Morley, who has accused RBS of placing his business under “economic duress” when its property arm, the West Register, acquired some of its assets in 2010. RBS says the allegations are without merit.Court papers in the Morley case allege that the government had “day-to-day” and “strategic” control of the unit. It later emerged that top bankers at the GRG had 70 per cent of their bonuses pegged to Treasury targets. Former business secretary Vince Cable condemned the link as shocking. “It’s very clear where RBS got its instructions from,” he said at the time.Why it mattersThe issue for Bailey, and the FCA, is whether these questions can be allowed to linger before, and if, he makes the transition to one of the most important roles in public life.Nikki Turner, the director of the SME Alliance who has taken on Lloyds over its mishandling of the HBOS Reading fraud, is sceptical.She told City A.M. that Bailey has “baggage” he needs to clear up before he thinks about any move to the central bank. She said issues such as the Griggs review into the HBOS Reading scandal and the Dispute Resolution Scheme, a voluntary scheme funded by the finance industry to compensate SMEs, were all happening because of poor regulation.“Our sole concern is that our members get the proper outcome and I don’t think these delays have been at all helpful,” she said.“Andrew Bailey is engaged in a juggling act of keeping the banks and SMEs happy, and actually it is not possible.”She added: “I hope that before he leaves, the situation between banks and SMES is better because only regulation can ensure this happens.”Tory MP and former minister Guto Bebb said: “It is imperative that we are able to see the FCA’s full report into phase two of RBS’ GRG unit as a matter of urgency. This saga has dented confidence in the regulator.Read more: Government agency set bonus targets for senior RBS GRG banker“Many feel the frontrunner to be the next governor of the Bank of England must show complete transparency and clarity over the FCA’s lack of enforcement action and it must be made clear whether the FCA now has the tools in its locker to prevent any future wrongdoing on the scale seen in the GRG scandal.”With the mess around RBS GRG far from resolved, Bailey’s hopes of taking over at the Bank look untimely at best. whatsapp Alexandra Rogers Sunday 2 June 2019 9:30 pm This summer, the Bank of England is expected to announce a successor to Mark Carney as governor. Among the runners in the contested race is Andrew Bailey, the financial watchdog chief who stands a solid chance of taking Carney’s crown.While the boss of the Financial Conduct Authority (FCA) certainly has the credentials for the top job – he has been the bank’s deputy governor and chief cashier, as well as the chief executive of the Prudential Regulation Authority – there are other events in Bailey’s career that do not shine so brightly. Share whatsapp Read more: Sir Vince Cable calls for probe into Treasury role in RBS GRG unitThe continuing fallout of the RBS GRG scandal, which revealed “widespread inappropriate treatment of customers”, has ruined thousands of small business and livelihoods and the bank’s reputation. The GRG, which was supposed to help struggling businesses, instead stands accused of stripping their assets in an attempt to shore up the bank’s own balance sheet.The scandal has dragged the FCA down with it. What threatens to damage the watchdog further – and its head – is the ongoing delay to its own report as to why it has been unable to take action against senior individuals at the GRG – a story with as much baggage as the crisis that erupted 10 years ago.The FCA’s response to the scandalThe story of the FCA’s role in the scandal starts with a probe it commissioned by independent investigators Promontory, which found that the actions of the unit resulted in “material financial distress” for the very businesses it was supposed to help.Although the report was widely welcomed by victims and MPs for shining a light on the true scale of the destruction, the FCA did not plan on making the findings public. Ultimately, MPs on the Treasury Select Committee (TSC) took matters into their own hands and published it themselves.last_img read more

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We need a London housing strategy that doesn’t ignore the squeezed middle

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first_imgThere is undoubtedly a desperate need for more social housing for the most vulnerable. But social housing is not accessible to those on modest incomes, because they are not deemed to have acute housing need. Olivia HarrisOlivia Harris is chief executive of Dolphin Living and chair of Westminster Property Association The UK — and London in particular — faces a housing crisis. Ultimately, London risks losing these workers to other locations.   Our politicians must acknowledge the potentially significant impact that more intermediate rental housing could have on alleviating pressure on very scarce social housing and making living in London affordable for the capital’s vital workforce. Otherwise, they will miss out on a major tool in tackling London’s housing crisis. Social housing is of course a key part of the response. But it is not the fundamental solution for dealing with the housing crisis, especially not in London.  Developers agree the rent levels and allocation policies with the local authority as part of the planning agreement, and eligibility in London is set so households earning below £60,000 a year and working or living in the local area can access homes. More of this kind of housing should be made available to those who make the city tick: key workers like nurses and police, and also the wider range of lower-medium waged people who neither qualify for social housing nor can afford private homes — teachers, third sector workers, utilities and transport staff, and others who make our capital the global hub that it is. Recipients pay more than social rents, which means overall more affordable housing can be delivered. And while social rents are usually offered on a lifetime basis, intermediate rented housing is usually rented on a fixed-term tenancy (generally for around three years), offering stability for families while still allowing for changes in circumstance. Share These workers are “squeezed middle” — unable to afford homes near their jobs, but not eligible to access social housing either. whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Employers are keenly aware of this problem and the recruitment challenges it poses — and the government should be too. The capital is losing vital employees because workers in critical fields simply cannot afford to live here. Unfortunately, successive governments’ policies have tended to overlook the specific housing challenges for people on modest incomes, focusing either on delivering traditional affordable housing for low-income groups to rent or on helping first-time buyers onto the housing ladder. In London, where a deposit is out of the grasp of many, that leaves behind a significant cohort of people stuck in the middle. Rents are particularly high in the capital — so much so that a significant proportion of workers, including those providing essential services like nurses and transport staff, are priced out of homes near their work. They might not be classed as “low-income”, but they nonetheless are forced to move to the fringes and beyond, or live in housing that does not meet their needs.  Intermediate housing is traditionally defined as affordable housing which is targeted at people who are unlikely to access homes at social rent levels, but who are not able to afford to buy or rent an adequate home on the open market. Rents are set at levels workers in the squeezed middle can afford —usually significantly below the ceiling of 80 per cent of market rent. The answer is a type of housing that sits between market housing and social housing: “intermediate rental housing”.center_img Belatedly, policymakers are starting to realise this. Last week, mayor of London Sadiq Khan launched a consultation into intermediate housing, recognising the role key workers play to “keep London running”. He is entirely correct to say that “housing costs have driven far too many Londoners away” — and we need to reverse that trend. Show Comments ▼ A significant proportion of workers in the capital, including those providing essential services like nurses and transport staff, are priced out of homes near their work (AFP via Getty Images) Monday 10 August 2020 4:15 am However, this type of tenure is essential to offer rental homes that are affordable to median earners, in particular family housing. And to maximise the quantity of such housing and ensure such workers have somewhere to live in the capital, subsidy is required. Public money is needed to make intermediate rental developments economically viable while delivering the highest public benefit. In the end, if crucial workers cannot afford to live in London and move out, the entire city will suffer. Main image credit: Getty City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. A significant proportion of workers in the capital, including those providing essential services like nurses and transport staff, are priced out of homes near their work (AFP via Getty Images) Also Read: We need a London housing strategy that doesn’t ignore the squeezed middle This is not news, and nor has the need for more affordable housing been ignored by politicians. Last week, the government announced an overhaul of planning rules to make it easier to build, while earlier this month, a House of Commons committee published a report on building more social housing in the UK. whatsapp We need a London housing strategy that doesn’t ignore the squeezed middle by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comNoteableyAirport Security Couldn’t Believe These Jaw-Dropping MomentsNoteableyPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USANinjaJournalistCareless Workers Caught In Jaw-Dropping MomentsNinjaJournalistZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Herald Opinion A significant proportion of workers in the capital, including those providing essential services like nurses and transport staff, are priced out of homes near their work (AFP via Getty Images) Also Read: We need a London housing strategy that doesn’t ignore the squeezed middle Intermediate rented housing is not a new tenure type, and is used already across the UK. But most local authorities and housing associations don’t focus on it, because their priorities lie with the groups in most need — for obvious and understandable reasons. There is also political resistance to the idea of London councils helping to subsidise or support what is regarded as “private” development for seemingly well-off people.last_img read more

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As GOP health care push moves to Senate, White House questions value of CBO analysis

By on August 24, 2021

first_imgFederal Government | Health | Nation & World | National News | NPR News | PoliticsAs GOP health care push moves to Senate, White House questions value of CBO analysisMay 7, 2017 by Miles Parks, NPR News Share:President Donald Trump celebrates with House Speaker Paul Ryan in the White House Rose Garden Thursday after the House voted to pass the American Health Care Act. Evan Vucci/APAfter the GOP-controlled House passed a Republican-drafted health care bill Thursday without waiting for an analysis of the bill’s costs and impacts by the nonpartisan Congressional Budget Office, the White House is signaling that Washington’s official legislative scorekeeper could be its next political foil.Sarah Huckabee Sanders, a spokeswoman for President Trump, told reporters Friday the White House feels “very confident in where the plan is, and moving it forward.”“I think I know the gospel pretty well,” she also said, “and I’d say the CBO is not the gospel.”Sanders’ comments came a day after Doug Elmendorf, who ran the CBO from 2009-2015 during the Obama administration, told Politico that the House’s decision to vote on the GOP health care bill before the CBO could score the latest version of the legislation was “a terrible mistake.”“The members will have to explain why they supported something with a range of effects that people aren’t gonna like,” Elmendorf said. “At least if they waited for the estimate, they could make further changes to the bill that might respond to concerns. To go ahead with a vote before you know the effects of what you’re voting for is a terrible mistake.”But Douglas Holtz-Eakin, another former CBO head who ran the agency from 2003-2005 in the George W. Bush administration, suggested that the changes to the bill weren’t substantial enough to change the CBO’s original analysis.“I don’t view this as a particularly unusual event,” Holtz-Eakin told Politico. “They scored the base bill, and everyone knows what that looked like.”The CBO’s analysis of the original GOP bill concluded that version of the legislation could leave as many as 24 million additional people without health insurance in the next decade while reducing the deficit by $337 billion during the same period.After that original score, House Republicans changed the bill in an effort to win enough votes from both their most conservative and their moderate members in order to pass the bill without any support from House Democrats.On Thursday, they narrowly passed their amended bill and Elmendorf argued that the changes were enough to justify waiting for another CBO analysis.“For the House leadership to proceed to a vote without an estimate, they are essentially arguing that the bill is so much like the previous one they don’t need an estimate, and yet, it is so much different that many more people should vote for it,” Elmendorf also told Politico. “I don’t see how you can argue that combination of things at the same time with a straight face.”But Sanders seemed to question the validity of any score the CBO might provide.“They’ve been wrong before and they can certainly be wrong again,” she also said during Friday’s White House press briefing.The decision by House Republicans to move forward to a vote without an updated analysis has placed that issue — along with the GOP’s push to overhaul health care legislation more generally — in the Senate’s hands. And Congress’ other chamber is making it clear it’s not in nearly the same rush the House was.Among other things, Senate Majority Leader Mitch McConnell said Thursday the chamber will first await the CBO analysis before proceeding.Indeed, the agency’s score of the bill passed in the House — especially its analysis of the bill’s costs and potential impact on the deficit — would seem to be necessary before the Senate parliamentarian can determine whether Senate Republicans can use reconciliation procedures and potentially pass health care legislation with just 51 votes.Copyright 2017 NPR. To see more, visit http://www.npr.org/.Share this story:last_img read more

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A pair of stranded killer whales and a sick sea lion near Sitka have biologists looking for answers

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first_imgFederal Government | Oceans | Southeast | WildlifeA pair of stranded killer whales and a sick sea lion near Sitka have biologists looking for answersSeptember 7, 2020 by Robert Woolsey, KCAW – Sitka Share:An adult male Steller sea lion hauled out of Sitka Sound in 2018. The sea lion became a fixture over the weekend, attracting onlookers as it sought shelter near Mt. Edgecumbe Hospital and the surrounding woods. (Photo courtesy Sitka Fire Department)Biologists are tracking some unusual stranding events around Sitka this summer, and hoping to learn more about what brought about the deaths of two killer whales, and what has made a sea lion gravely ill.The most recent stranded killer whale was found beached on Pain Island, near Kake, in August. Back in June, another killer whale was found dead in Crawfish Inlet south of Sitka. This doesn’t feel normal for these animals, which occupy the top of the food chain in Southeast Alaska.“For the killer whales, I honestly don’t know if this is normal or not,” said Mandy Keogh, the Regional Marine Mammal Stranding Coordinator for NOAA Fisheries in Alaska.Dead killer whales simply aren’t seen that often.“I think it’s kind of unusual to have killer whale strandings in general,” she said. “And some of that may just be there’s a lot of coastline, so if a killer whale does strand, you have to have the right timing of tides and people being in that area to report it. So there are strandings that we likely miss.”The killer whale in Kake was found near the harbor, already significantly decomposed. Keogh says that community members collected some of the juvenile male’s teeth for traditional artistic purposes, and some of the teeth were forwarded to NOAA for aging. Killer whales put down a new layer of dentin every year on their teeth, which allows researchers to determine how old they are. Also, dietary isotopes can be extracted from the teeth to establish the killer whale’s ecotype: Whether it is a mostly fish-eating resident, or a marine-mammal eating transient.It’s not as valuable as a full necropsy of a recently-deceased individual, but it helps.“Even if it’s fairly decomposed — or very decomposed — we can still gain some information about it,” Keogh said.The killer whale in Crawfish Inlet was also a young male. In neither case was NOAA’s Marine Mammal Stranding Network able to perform a necropsy and determine a cause of death.Closer to Sitka, a sick sea lion may afford researchers a better opportunity. The large animal has been frequenting Eliason Harbor for a month or more. Keogh says it appears to be in bad shape.“It looks slightly bloated, and it’s not using its hind legs or flippers like we would expect, but it is mobile and reactive to people being nearby,” said Keogh. “And it has some distinctive features on its back, the fungal patches, so we think it’s the same animal. The first report I’m aware of was August 5, and then it was not observed for a while, and then it was back this past week.”A report of another dead sea lion not far from Sitka was initially thought to be this animal, but local members of the Stranding Network responded and concluded that it was another individual. There’s also a report of a sea lion around Sitka trailing a flasher, which Keogh says is unfortunately not unusual after the start of the commercial trolling season in July.It sounds grim, but Keogh really wants to hear from anyone who sees this very distressed sea lion — especially if it is found dead. Learning what caused it to perish could help prevent similar events in the future.“It’s so important to report strandings to the NOAA Hotline,” said Keogh. “We can track that, and look for unusual increases in a species or an area, and that might give us insight into whether something’s happening in the marine environment that might be of concern, and then we can start investigating that.”The NOAA Marine Mammal Stranding Hotline number is 877-925-7773. Keogh adds that “photos are incredibly helpful.”Share this story:last_img read more

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NK Young Still Underweight and Too Short

By on June 19, 2021

first_img There are signs that North Korea is running into serious difficulties with its corn harvest The under five and neonatal mortality rates in North Korea are substantially lower than the developing country average, according to a new report from UNICEF,Reporting yesterday on the UNICEF report, ‘The State of the World’s Children 2012’, VOA revealed that North Korea ranks joint 73rd out of a total of 193 countries, with an under-five mortality rate of just 33/1000, which compares favorably with a developing country average of 63, but lingers far behind South Korea at 5/1000.On the face of it, the new statistics appear to reflect improving conditions in the North since 2000, when the country began to emerge from the devastating famine that killed millions and sent the under-five mortality rate skittling from a 1990 base line of 45 up to 58 by 2000, just ten years later. However, conditions are still highly unfavorable for North Korean children, with 6% born underweight, 19% of under-fives being underweight and 32% being below average height. News By Kim Tae Hong – 2012.02.29 2:30pm RELATED ARTICLESMORE FROM AUTHOR Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak AvatarKim Tae Hong SHAREcenter_img News Facebook Twitter NK Young Still Underweight and Too Short News News North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

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TSX proposes trading service for U.S.-listed securities

By on June 18, 2021

first_img Negative 2021 outlook on exchange, clearing sector: Fitch James Langton Related news The TSX is seeking comment on a plan to introduce a separate board, to be known as the TSX International Board, that will post for trading certain U.S.-listed securities in Canadian dollars. According to a regulatory notice seeking comment on the proposal, the initiative is designed to give Canadian investors easier access to these stocks; and, to create additional trading activity and efficiencies for dealers. “Canadians will have increased optionality, flexibility and accessibility to trade such securities,” the TSX says in its notice. For instance, the new service would reduce the need for Canadian investors to open and fund a U.S. dollar account. It will also lower overall foreign exchange costs for investors, the TSX says. The new system “will also provide increased trading options for investors that already trade U.S.-listed securities, and increased transparency to investors regarding the impact of currency changes on the value of U.S.-listed securities held in their Canadian dollar-denominated account,” the notice says. The TSX says that dealers will benefit from new trading opportunities for clients, as well as reduced friction in the clearing and settlement process. “Smaller dealers may particularly benefit to the extent that offering trading in U.S.-listed securities to their clients necessitates costly and complex southbound trading and clearing relationships,” it says. The TSX will not list the U.S. securities itself; rather, it will post them for trading in the same way that Canadian alternative trading systems currently post TSX-listed securities for trading. The new board will not include interlisted securities. The TSX notes that it will initially offer trading in the constituents of the S&P 500 index. It will also phase in trading in these stocks, starting with 30-50 names. Other liquid U.S.-listed securities may also be added, based on demand, it says. The proposal requires a number of changes to the TSX’s rules, and regulatory approval. These changes are out for comment until Jan. 31, 2017, and are expected to take effect in the second quarter next year. Photo copyright: bluebay/123RF FPSC, IQPF issue updated guidelines for financial planners bluebay/123RF Facebook LinkedIn Twitter Nasdaq sharpens market surveillance Share this article and your comments with peers on social media Keywords Stock exchangesCompanies Toronto Stock Exchange Canadian IPO market limps through Q3, PwC reports The TSX Inc. announced on Thursday that it is planning to launch a trading service for U.S.-listed securities that will allow Canadian investors to trade U.S stocks in Canadian dollars. last_img read more

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Irwin High School Gets Music Laboratory

By on June 17, 2021

first_imgRelatedIrwin High School Gets Music Laboratory Advertisements FacebookTwitterWhatsAppEmail A fully equipped music laboratory was commissioned into service at Irwin High School in St. James, today (July 3).The project was financed by the Culture, Health, Arts, Sports and Education (CHASE) Fund at a cost of approximately $400,000.Principal of the school, Aldin Bellinfantie, in his remarks, pointed out that the commissioning of the music laboratory was the third such ceremony at the institution over the last year, the other two being an $8.3 million solar system and a $5.1 million computer laboratory.He said that for a school that is just completing four years of existence, it means that a great deal is being done to achieve so much.“Irwin High School’s agenda four years ago was to become a school of choice; we achieved that in three years. We have now set our sights on becoming a school of excellence over the next five years, and we believe that we will accomplish that also in short order,” he said.“With the dedication of staff, with the commitment of our Board and our parents, with the discipline of students, I think those things can be accomplished,” the Principal added.Mr. Bellinfantie pointed out that, included in the first set of students to graduate from that institution in 2007, there was one student, Richard Weddeburn, who received the highest mark in Visual Arts in the island.He noted that the 2008/2009 batch of graduates would be its first set of students to have completed five full years at the school.Meanwhile, Chief Executive Officer (CEO) of the CHASE Fund, Billy Heaven, said the decision by the Fund to equip the school with the music laboratory was no mistake, as one of its goals is to equip as many schools as possible with a music studio.“This project is merely one of about one thousand projects that we have funded at the CHASE Fund for about $4 billion in our five years of existence ..but this project is one of our flagship projects, it’s the joy and pride of the CHASE Fund,” he said.Mr. Heaven highlighted the willingness of the CHASE Fund to finance any viable project that falls within its ambit, noting that it is getting more competitive for projects to access the funds.Outlining the level of competitiveness for the funds, he said that to every dollar that the CHASE Fund receives today, there are some 15 projects waiting for that one dollar. Irwin High School Gets Music Laboratory UncategorizedJuly 4, 2008center_img RelatedIrwin High School Gets Music Laboratory RelatedIrwin High School Gets Music Laboratorylast_img read more

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Campus closure affects finals schedule

By on June 14, 2021

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Due to an unexpectedly strong winter storm moving into the Boulder area on Tuesday, Dec. 15, the CU-Boulder campus experienced only the second campus closure during finals in more than a decade.Throughout the early morning hours, campus leadership was in close contact with weather and public safety officials, assessing whether the campus could open during this vital academic time. As the storm developed, the decision was made to postpone the 7:30 a.m. finals session and assess how the storm and snow removal were progressing throughout the county. At 7:30 a.m. the decision was made to postpone the 10:30 a.m. finals session and delay general opening of the campus until at least 1 p.m.At 10:30 a.m. campus leadership met to hear a full update on snow removal and the progression of the winter storm, and due to safety concerns, made the decision to close the campus and cancel on-campus final exams for the rest of the day. By canceling the exams, this means that the exams will not be made up through a rescheduled in-person examination on campus, now or later.For students whose finals were canceled, grades can be based on work-to-date in the course. Faculty may also develop online exams, take-home exams or other take-home assignments to be completed this semester. Faculty may use these other alternatives where possible to replace canceled exams, however, a make-up in-person exam is not an option for any exam canceled on Dec. 15.As shared in campus messaging via CU-Boulder Alerts, online exams and assignments will proceed as planned. Other non-digital coursework, papers and projects assigned to be completed during finals and that can be completed should be submitted once campus is open.For those looking for study and WiFi options, the Norlin Commons will continue to be open 24 hours a day through the final exam period.Buff buses will continue to be available every 10-12 minutes until midnight. The Norlin Express shuttle will run until 2 a.m.Housing dining operations in the Center for Community, Village Express, Libby and Sewall will remain open on a regular schedule.Final exams are expected to happen as scheduled on Wednesday, Dec. 16. All campus efforts are directed toward a normal schedule on Wednesday, and all affected parties (students, staff and faculty) should plan for possible extended commute times and winter weather driving.The campus will issue an update on opening status via alerts.colorado.edu. If there is a significant change for the worse, a CU-Boulder Alert notification of a delayed opening or closure will be sent by 5:30 a.m. tomorrow. Categories:Deadlines & AnnouncementsCampus Communitycenter_img Published: Dec. 15, 2015 last_img read more

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RCom chair Ambani facing jail time over Ericsson row

By on June 4, 2021

first_img Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Previous ArticleExatel seeks 5G oversightNext ArticleOrange, NTT sign wide-ranging R&D pact Related Anil Ambani, Reliance Communications (RCom) chairman (pictured), could face a jail term after the Supreme Court of India found him guilty of wilfully failing to pay INR5.5 billion ($77.3 million) to Ericsson in service charges.In a statement, India’s top court found Ambani guilty of contempt of court and demanded he and two RCom directors pay the Swedish vendor INR4.5 billion within four weeks or risk a three-month jail term.The under-fire operator responded by stating it respected the ruling and planned to comply. Ericsson also welcomed the decision.Ericsson, which has called for Ambani’s arrest, took legal action against the operator in 2018 over unpaid service charges, with the row deepening in recent months as RCom continued to miss payment deadlines.The vendor has reportedly filed three contempt of court petitions against Ambani, requesting that the Supreme Court freeze Ambani’s personal assets and prevent him leaving the country.Ericsson is seeking payment for more than $70 million in service charges for a deal it struck in 2014 to manage and operate RCom’s network.RCom first missed a deadline to pay up in December 2018, stating it was waiting for approval to sell assets to Reliance Jio before it was able to make the payment. It then made a partial payment of more than INR1 billion in January.However, last month RCom also confirmed its deal with Jio had failed, resulting in it commencing insolvency proceedings. Subscribe to our daily newsletter Back AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 20 FEB 2019 Former Ericsson employees charged in bribery case Kavit Majithia Authorcenter_img Español Ericsson, Leonardo team on 5G products Home RCom chair Ambani facing jail time over Ericsson row MásMóvil amplía su contrato con Ericsson Tags Anil AmbaniEricssonReliance Communicationslast_img read more

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Woman suffering chest pains airlifted from Slieve League

By on May 25, 2021

first_img Woman suffering chest pains airlifted from Slieve League Google+ Twitter Pinterest Twitter Google+ Homepage BannerNews Previous articleFunerals take place of three young people killed in car crashNext articleGaeltacht Mary, Eva Ni Dhoibhlinn crowned Mary from Dungloe 2016 News Highland 45 new social homes to be built in Dungloe Facebook Pinterest Disruption to cancer service will increase mortality – Oncologist center_img Hospitalisations rise as Donnelly suggests masks will stay ’til autumn By News Highland – July 31, 2016 WhatsApp Donegal hoteliers enjoy morale boost as bookings increase Consultation launched on proposal to limit HGV traffic in Clady WhatsApp Today is the 30th anniversary of Eddie Fullerton’s murder RELATED ARTICLESMORE FROM AUTHOR Picture from Killybegs Coastguard FacebookThe Killybeg’s Coastguard and the Rescue 118 helicopter were involved in a rescue on Slieve League on Sunday.A Dutch tourist raised the alarm when he came across a lady at the top of Slieve League suffering from chest pains.The Killybegs Coastguard were soon on the scene as were the Donegal Mountain Rescue Team and the Ambulance service.After locating the casualty she was air lifted to hospital by Rescue 118 from Sligo.Her condition is not known. Facebooklast_img read more

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