Tesla burns cash, loses more than $4,000 on every car sold

first_imgIt’s crunch time for Tesla Motors.The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets for this year and next. Chief Executive Elon Musk said he’s considering options to raise more capital, and didn’t rule out selling more stock.Musk has taken investors on a thrill ride since taking Tesla public in 2010. Now he’s given himself a deadline, promising that by the first quarter of 2016 Tesla will be making enough money to fund a jump from making one expensive, low volume car to mass producing multiple models, and expanding a venture to manufacture electric power storage systems.Tesla’s shares fell almost 9 per cent on Thursday and slipped another 2 per cent on Friday as investors and analysts weighed the risks of Musk’s ambitious plans for expanding Tesla’s auto and energy storage businesses. Tesla had just $1.15 billion on hand as of June 30, down from $2.67 billion a year earlier.Automakers consume cash to pay for assembly line equipment, including metal dies and plastic molds, as well as testing to meet safety and emissions standards. A typical new car can cost $1 billion or more to engineer and bring to market.ALSO READ:Hackers turn off Tesla Model S at low speedEstablished automakers such as General Motors Co and Ford Motor Co have amassed far larger cash cushions as they’ve rebuilt balance sheets battered by the 2008-2009 recession. GM, restructured six years ago in a government funded bankruptcy, has targeted cash reserves of $20 billion and had more than $28 billion in cash equivalents as of June 30.advertisementTo be sure, GM sells more than 9 million vehicles a year, while Tesla plans to build between 50,000 and 55,000 cars this year. Tesla, most of whose cars are built to order directly, delivered 11,532 cars in the second period and said it had an operating loss of about $47 million, for an operating loss per car of about $4,000.Tesla’s narrower margin for error is just one more way in which it is different from its century old rivals.The company said it plans $1.5 billion in capital spending this year, mainly to launch its Model X, battery powered sport utility vehicle with eye-catching, vertical-opening “falcon wing” doors. Tesla reported $831 million in capital spending during the first half of the year, indicating it will spend roughly another $700 million.During the second quarter, Tesla said operating costs and research and development spending rose, while average selling prices for the Model S line-up, which starts at $70,000 before federal and state electric vehicle tax breaks, fell 1 per cent as the mix of sales shifted to less expensive models and a strong dollar hit revenue generated overseas. The Model S comes in several different versions, ranging in price up to $106,000 or more, depending on options.CAPITAL SPENDINGTesla has signaled capital spending will drop next year because the company won’t be spending on a major vehicle launch. In 2017, Tesla plans to launch its Model 3 line, which the company says will start at about $35,000 and push total sales toward the goal of 500,000 vehicles a year by 2020.Barclays analyst Brian Johnson disagreed with the company’s estimates, and said he expects Tesla’s capital spending will go up in 2016 and 2017 as the company ramps up its battery factory and Model 3 development. “Their small scale means the cash generation is not as great as they might have hoped for,” he said.Chief Executive Elon Musk said he’s considering options to raise more capital, and didn’t rule out selling more stock.Musk said this week Tesla expects to have $1 billion in cash over the next year, and told analysts “there may be some value” in raising capital “as a risk reduction measure.”Tesla’s stock is still about 70 per cent higher than it was two years ago, and 8 per cent ahead of its level on Jan 1. With a market capitalization of $31 billion, Tesla is worth more than Fiat Chrysler Automobiles NV, the much larger maker of Ram pickups and Jeep Grand Cherokees.”A capital raise, given the way they’re burning cash today, given the fact that they have future investment needs, seems very likely at some point,” said UBS Securities analyst Colin Langan, who has a sell rating on the stock.Musk has steered Tesla out of tight corners before. In September 2012, the company faced a cash crunch, but raised money by selling shares and renegotiating the terms of a federal loan. The Model S started production in miod-2012.advertisementTesla has made moves to expand sales volume, and lure people to pay more for its vehicles. In addition to adding a lower priced version of the Model S, Tesla last month said it would offer performance upgrades for its Model S 85 and 85D for $5,000 and launched the Model S 90D and P90D high performance cars at a $10,000 price premium.Tesla reports its finances in a different way from the Detroit automakers. Using the generally accepted accounting principles, or GAAP, used by GM or Ford, Tesla’s operating losses per vehicle have steadily widened to $14,758 from $3,794 in the second quarter of 2014.But Tesla points out in its statements to investors that its GAAP accounting excludes certain revenue and profits from Model S sedans that customers lease. In the second quarter, the deferred gross profits from Model S leases amounted to $61.9 million, Tesla said. Analysts say they add back the deferred revenue to make Tesla’s figures more comparable to the reporting used by other automakers.last_img read more

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Prominent College Football Writer Announces He’s Switching Jobs

An overhead view of the Rose Bowl.PASADENA, CA – JANUARY 01: A general view during the College Football Playoff Semifinal at the Rose Bowl Game presented by Northwestern Mutual at the Rose Bowl on January 1, 2015 in Pasadena, California. (Photo by Pool/Getty Images)Bruce Feldman, one of the top college football writers in the country, announced this morning that he is changing outlets.Feldman, who had been working at Sports Illustrated and with Fox Sports and has written for ESPN in the past, will be joining The Athletic. Feldman confirmed the news this morning.He is the latest in a slew of high-profile hires by the subscription-based website. which is building up its national coverage in all sports.Some personal news: I’m proud to announce that I’m joining the staff of @TheAthleticCFB. If you haven’t already signed up, please do. You can get 40% off at https://t.co/8Z3QZ20S63— Bruce Feldman (@BruceFeldmanCFB) May 16, 2018My first story for @TheAthleticCFB> Want to know EXACTLY how a college program can transform unheralded recruits into big-time NFL talent? Go inside the evaluation and development process of that #NCState DLine: https://t.co/HKe7hCcbO5— Bruce Feldman (@BruceFeldmanCFB) May 16, 2018The Athletic has recently added prominent writers such as Ken Rosenthal and Rick Reilly and is also venturing into beat reporting. They’re trying to cover all their bases.In the ever-changing world of sports media, The Athletic and its model will be interesting to watch moving forward.It certainly seems like they landed a big fish in Feldman, who has been covering college football for decades for various outlets and has published multiple books on the subject as well.If you want to read Feldman’s lengthy explanation as to why he joined The Athletic, click here. read more

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I will keep giving my best till my last breath: Ravindra Jadeja

first_img India Today Web Desk ManchesterJuly 11, 2019UPDATED: July 11, 2019 15:01 IST ICC Cricket World Cup 2019: Ravindra Jadeja’s valiant knock went in vain as India lost the semi-final to New Zealand in Manchester (AP Photo)HIGHLIGHTSRavindra Jadeja came up with a fighting 77 in India’s semi-final vs New ZealandJadeja’s knock went in vain as India lost the semi-final in ManchesterJadeja took to social media to post a heartfelt messageIndia all-rounder Ravindra Jadeja took to social media to post a heartfelt message after India exited ICC Cricket World Cup 2019 with a loss to New Zealand in the semi-final on Wednedsay.Ravindra Jadeja nearly pulled it off for India in the semi-final against New Zealand at Old Trafford, Manchester.. Jadeja’s valiant knock of 77 from 59 had all the elements to go down as one of the greatest knocks in the history of Indian cricket as he took India closer to the target in a 240-run chase from an improbable situation.Jadeja joined MS Dhoni at the middle when India were reeling at 92 for 6. The former champions were jolted early in their chase of 240 on the reserve day of the 1st semi-final as New Zealand pacers removed their big three – Virat Kohli, Rohit Sharma and KL Rahul inside the first 4 overs.Nonetheless, India fought back with their never-say-die attitude, thanks to Ravindra Jadeja and MS Dhoni who added 106 for the 7th wicket. Jadeja perished while trying to clear the long-off boundary in the 48th over and Dhoni followed his batting partner in the 49th over. India eventually fell short of the target by 48 runs.Saying that he had learnt the lesson of not giving up till the end by playing the sport for long, Jadeja said: ”Sports has taught me to keep on rising after every fall & never to give up. Can’t thank enough each & every fan who has been my source of inspiration. Thank you for all your support. Keep inspiring & I will give my best till my last breath. Love you all.”advertisementSports has taught me to keep on rising after every fall & never to give up. Can’t thank enough each & every fan who has been my source of inspiration. Thank you for all your support. Keep inspiring & I will give my best till my last breath. Love you all pic.twitter.com/5kRGy6Tc0oRavindrasinh jadeja (@imjadeja) July 11, 2019Jadeja’s valiant knock of 77 was indeed the saving grace for India.Former cricketer-turned analyst Sanjay Manjrekar had called Ravindra Jadeja a “bits and pieces” cricketer but he was quick to accept his mistake after the valiant effort from the India all-rounder.”Bits and pieces he just ripped me apart today. By bits and pieces of sheer brilliance just proved me wrong on all fronts. But this Ravindra Jadeja we have not seen very often. In the last 40 innings his highest score was 33.”But today he was brilliant. Economical with the ball, and that familiar celebration that you see after he gets to his fifties,” Manjrekar said in a video posted by the ICC.Former captain Sachin Tendulkar lauded Jadeja for his special knock and also praised Dhoni for being the guiding force behind that seventh-wicket partnership which almost won the game for India in Manchester.”He was brilliant. This morning when he got Ross Taylor run out with that direct throw, we in the commentary box were discussing that it could be his day. The way he took initiative in that partnership (with Dhoni), he caught New Zealand by surprise, caught them off guard.”There were number of clean shots by him, which were from a batsman who was out there to do something and prove something. I would give him 10 on 10 today.Also Read | That Sir is bits and pieces for you: Fans pay tribute to Ravindra Jadeja for valiant knockAlso Read | Ravindra Jadeja had hunger and determintation to do something special: Sachin TendulkarAlso See:For sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byAkshay Ramesh Tags :Follow India vs New ZealandFollow Ravindra JadejaFollow World Cup 2019Follow India cricket teamFollow MS Dhoni I will keep giving my best till my last breath: Ravindra JadejaICC Cricket World Cup 2019: Ravindra Jadeja proved his mettle even as India exited the quadrennial tournament with a loss to New Zealand in the semi-final. Jadeja was brilliant with the bat, on the field and played arguably his best ODI knock in Manchester on Wednesday.advertisement Nextlast_img read more

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Want to thank the CAC for showing faith in me: Ravi Shastri after reappointment as India coach

first_img India Today Web Desk New DelhiAugust 17, 2019UPDATED: August 17, 2019 15:22 IST Indian cricket team head coach Ravi Shastri (IANS Photo)HIGHLIGHTSRavi Shastri was handed a 2-year extension after Friday’s interviews in MumbaiShastri pipped the likes of Mike Hesson and Tom Moody for the head coach roleShastri said the team would collectively look to take their consistency to another level in the next 2 yearsFormer captain Ravi Shastri said Team India’s collective aim in the next 26 months of his stint would be take their consistency to another level. The head coach, whose contract was extended on Friday, also thanked Kapil Dev-led Cricket Advisory Committee for showing faith in him during the reappointment.Ravi Shastri was among the 5 shortlisted candidates interviewed for the role of India head coach by the CAC, consisting Kapil Dev, Shanta Rangaswamy and Anshuman Gaekwad. Shastri pipped the likes of Tom Moody and Mike Hesson for reappointment as the head coach after Friday’s interviews at the Board of Control for Cricket in India (BCCI) headquarters in Mumbai.Ravi Shastri will continue to work with Virat Kohli’s men until the 2021 T20 World Cup in India.”I first like to thank the CAC — Shantha, Kapil and Anshu — for having the faith in me to let me continue for another 26 months,” Raiv Shastri told bcci.tv in an interview on Saturday.EXCLUSIVE: An honour & privilege to be retained as coach: @RaviShastriOfcAfter being retained as Head Coach, Ravi Shastri listed out the challenges ahead & his future plans for #TeamIndia. Interview by @28anandWatch the full video here https://t.co/vmNzMtEY1W #TeamIndia pic.twitter.com/hX3bhUZC5TBCCI (@BCCI) August 17, 2019″It’s a privilege and honour to be part of an Indian team setup. The reason why I came in was I had the belief in this team… belief that this team can leave a legacy that very few teams have in the past. Not just for the moment they’re playing… you know the kind of legacy… going down the line other teams would try and emulate,” the head coach added.advertisement”That is the desire. We are on track. There is always room for improvement. With youth coming into the set-up, it’s going to be very exciting.”Ravi Shastri was expected to retain the job, especially after captain Virat Kohli publically endorsed an extension even before the team left for the West Indies. However, CAC chief Kapil Dev said the selection process was a “close race” after which Shastri emerged ahead of Hesson and Moody in that order.’My endeavour would be to leave the team at a happier place’Stressing that the focus will be on blooding youth into the system to create a team that would leave a legacy for future sides to emulate, Ravi Shastri said he is ready to embrace the challenge.”You have got to learn from your mistakes. Nobody is perfect. When you strive for excellence and you strive to raise to the bar day in, day out, you have got to pay attention to details. When you mess up or when have an off day.. don’t let that day go by. We have got to make sure we are focussing and concentrating on how we can get over that barrier. That will be the endeavour of this team,” Shastri added.Focus on becoming the best fielding side, bringing in youth”It’s been superbly consistent. When you look at the performance over the last 2 or 3 years, it’s been simply outstanding but as I said, that’s the bar they have set and now they have to make an effort to raise the bar.”Even at the cost of certain results, you will not know where your best combination is. There is a time where you will have to invest in getting youth into the side and in ensuring we have better combinations and better depth, all-round.”Over the last 4, 5 years… the biggest improvement has been in fielding. The endeavour is to make this the best fielding side in this world. So it is a clear diktat to whoever wants to be in this team… the standards of that particular player’s fielding will have to be at the highest level , especially in white-ball cricket.”Collectively, look at the coaches, the players and the team management… the endeavour is to keep this consistency going and try and take it to another level.”Ravi Shastri also pointed out that the next 2 years will be crucial for Team India as he expects it to undergo a transition period. Shastri added that he will do his best to ensure a smooth transition and make sure Inida have a strong pool of players to pick from.”Next 2 years is to ensure a smooth transition. There will be a lot of youngsters coming into the white-ball and the Test match set-up. You need to identify another 4-5 bowlers to the set-up. In the next 25-26 months, my endeavour would be to leave the team at a happier place so that they can set a legacy for the time to come,” Shastri added.advertisement”I am not going to be here if I didn’t think this is going to be challenging. I relish a challenge. The game has taught you to never back away from a challenge. Look at straight in the eye and go out there and compete. We will be looking to do that wherever we go and play. We believe wherever we go it’s home. So we have to go out and play in that fashion.”Ravi Shastri, who is currently in the West Indies, will be at the helm when they begin the World Test Championships with a 2-Test series from August 22. The head coach, who has not managed to win an ICC trophy yet, will have 2 shots at it as he will be in charge when Virat Kohli’s men play the T20 World Cup in 2020 and 2021.Also Read | Kapil Dev-led CAC writes to CoA, wants to pick India support staffAlso see:For sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byNitin Kumar Tags :Follow Kapil DevFollow India coachFollow Ravi ShastriFollow CAC Want to thank the CAC for showing faith in me: Ravi Shastri after reappointment as India coachRavi Shastri was reappointed as the head coach of India cricket team after Kapil Dev-led Cricket Advisory Committee conducted interviews for the high-profile job on Friday in Mumbai. Shastri will continue to work with Virat Kohli’s men until the T20 World Cup in 2021.advertisementlast_img read more

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Stena Bulk Invests USD 55 Million in Scrubbers

first_imgzoomImage Courtesy: Stena Bulk Swedish tanker shipping company Stena Bulk has made a USD 55 million investment in scrubbers that will encompass sixteen of the company’s vessels.As World Maritime News already reported, ten of the company’s IMOIIMAX vessels and five Suezmaxes will be equipped with the after-treatment systems. The order has now increased to sixteen ships and includes one additional MR tanker, President & CEO Erik Hånell confirmed to World Maritime News.This major investment includes equipment, installation and time out of service. Payback time of investment is between 1,5 and 2,5 years which has already been secured by hedging the fuel spread, according to the company.By installing scrubbers on board, Stena Bulk intends to comply with the upcoming IMO 2020 sulphur cap regulation, which limits the sulphur content in fuel oil used on board vessels globally to a maximum of 0.5% from today´s 3.5% limit. As a result of the new regulation, the global shipping fleet will by January 1, 2020, be required to either install scrubbers on board or to use a compliant fuel.“We evaluated the different options and came to the conclusion that for our business by installing scrubbers we will secure greater availability of fuel for our vessels and by so limit our exposure to not finding the right fuel around the world and by that stay flexible in our trading. Even doing so we know it will require some changes and probably massive challenges in the planning logistically,” Hånell said.“We will however prepare ourselves best possible so that we can secure at least the same level of support to our customers as today,” he added.The scrubber to be installed is an open loop hybrid ready with water cleaning, which not only removes the sulfur but also particles from the exhaust.In addition to the equipment, the most important part to make all work are the people working with it, according to Stena Bulk.“We have the last 24 months prepared our business teams to assure minimal to none disruption caused by the scenario we are now facing as from January 1st 2020,” Stena Bulk said.“Going forward, our digital platform, Orbit, one of many tools will be able to confirm global supply to optimize the planning in our bunker operations, as a support to Commercial Operation, Bunker trading and Chartering,” the company concluded.last_img read more

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NEAT’s Learn to Can Series

first_imgFORT ST. JOHN, B.C. – The Northern Environmental Action Team has brought back their canning and preserving sessions they share are designed for beginner and novice canners.With three different hands-on workshops, there is something to learn about canning, fermenting and pressure canning. Learn to CanCovers the basics of water bath canning and provides a broad overview of safe methods perfect for beginner or novice canners. $40 Tuesday, August 27th, 2019 – 6:30 pm – 9:30 pm at the Calvary Baptist ChurchLearn to FermentCovers the basics of the fermenting process including science and safety. This class is perfect for those that have never fermented or have been experimenting and would like to learn more. $35Thursday, September 12th, 2019 and Tuesday, September 17th, 2019, 6:30 pm – 9:30 pm at the Calvary Baptist ChurchLearn to Pressure CanThis class builds on the Learn to Can and specifically focuses on pressure canning. You will learn how to safely and confidently can low acid items like soup stock and meat. While Learn to Can is not a prerequisite, it is recommended that participants have a basic knowledge/experience of canning. Thursday, September 26th, 2019, 6:30 pm – 9:30 pm at the Calvary Baptist Church To view the FB event page to select the session you would like to attend and purchase tickets; CLICK HERElast_img read more

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Four railway officials suspended after tickets issued with PM’s photo

first_imgNew Delhi: Four railway officials were suspended Tuesday after tickets carrying photographs of Prime Minister Narendra Modi were issued to passengers at Barabanki railway station in Uttar Pradesh.The Lucknow divisional railway manager suspended a chief reservation supervisor, a commercial inspector and two reservation clerks, officials said. The model code of conduct, besides other things, bars a party in power to use the official machinery to help it in elections. This comes days after the railways was pulled up by the Election Commission for issuing tickets with pictures of the prime minister and in another instance where tea was served to passengers with the slogan “main bhi chowkidar” written on them. The photograph was part of an Urban Development Ministry advertisement campaign. A portion of the back side of the ticket is often used for advertising.last_img read more

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UN panel on science and development meets to discuss poverty alleviation

The two-day first meeting of the High Panel on Science for Development of the UN Educational, Scientific and Cultural Organization (UNESCO) is looking into trends in the sciences and the role UNESCO can play to promote the use of science for sustainable development.It will also meet with the delegations of UNESCO Member States in two sessions whose themes are “Mobilizing international science to address pressing interdisciplinary challenges facing our societies,” and “Models for capacity building in science, technology and innovation.”Irina Bokova, the Director-General of UNESCO, opened the meeting of the panel, whose members include: Indira Samarasekera, President and Vice-Chancellor of the University of Alberta (Canada); José Sarukhán Kermez, National Coordinator of Mexico’s National Commission for Knowledge and Use of Biodiversity; Ahmadou Lamine N’Diaye, President of the African Academy of Science; Gong Ke, President of the University of Nankai (China); and Partha Dasgupta, Professor of Economics at Cambridge University (United Kingdom).They are tasked with providing UNESCO with guidelines for the development of strategies to promote sustainable development and combat poverty. They will also examine new partnerships with the private sector, civil society and academia. 15 September 2011Scientists, decision-makers and intellectuals from all over the world who comprise a United Nations panel on science for development gathered in Paris today to discuss strategies to promote sustainable development and poverty alleviation. read more

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Nominations for honorary degrees

Nominations for honorary degrees may be submitted by any member of the University community or the public on an ongoing basis throughout the year. The Senate Governance Committee reviews, in confidence, all nominations received and forwards its recommendations to Senate for consideration. Due to confidentiality, Senate does not report on the results of its deliberations.Honorary degrees are normally awarded at both Spring and Fall Convocations.Nomination forms and guidelines are available at: brocku.ca/university-secretariat/honorary-degrees or by contacting the Office of the University Secretariat, x3334 or x4307. In order to ensure that nominations are considered for the June 2010 Convocation, nomination forms should be submitted to the Office of the University Secretariat, ST1107, by Jan. 22, 2010. read more

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Investors look to probabilities of interest rate hikes further oil price slides

by Malcolm Morrison, The Canadian Press Posted Mar 15, 2015 8:00 am MDT Investors look to probabilities of interest rate hikes, further oil price slides TORONTO – The coming week will likely be a volatile one on North American markets as traders weigh the timing of interest rate hikes by the U.S. Federal Reserve and the possibility of another big correction in oil prices.The Fed will be the major focus of the week as the central bank holds its meeting on interest rates amid much speculation about when the era of interest rates held near zero since the 2008 financial collapse is going to end.A steady stream of positive economic data has persuaded many that the Fed will make a key change in the language in its statement on Wednesday. The Fed has emphasized for months that it planned to be “patient” in starting to hike rates. But it’s possible that word may be missing from the announcement as it prepares markets for higher rates.“I think that’s what people are expecting,” said John Stephenson, president and CEO of Stephenson & Co. Capital Management.“I think that’s likely, I think the Fed is being extremely accommodative over the last six years. It’s unlikely they will be as accommodative.”Many analysts have expected the Federal Reserve to move in either June or September, the first Fed meeting after breaking for the summer. But Stephenson thinks the Fed has good reasons to postpone hiking rates.“The U.S. will eventually raise rates (but) I think that will be delayed until sometime later this year,” he said, adding he’s looking for a December rate hike.“Clearly we have a situation where, as far as the Fed is concerned — the data is very strong from an employment standpoint so that is looking good. But when we look at things like consumer confidence, and you look at things like factory orders and such, it’s not as rosy out there.Meanwhile, worries about another sharp fall in oil prices helped send the Toronto stock market down 1.5 per cent last week amid a fall of about 5.5 per cent in the energy sector.The latest round of losses were sparked by a report issued at the end of last week by the International Energy Agency which said U.S. oil production was up actually up by 115,000 barrels a day in February.Until recently, prices had held up around the US$50 a barrel level. But the IEA warned that “behind the facade of stability, the rebalancing triggered by the price collapse has yet to run its course, and it might be overly optimistic to expect it to proceed smoothly.”Oil prices fell almost 10 per cent last week.Elsewhere on the economic front, investors looked to three major Canadian reports coming out this week.Manufacturing shipments data will be released Tuesday, while Statistics Canada will post the January reading on retail sales Friday. The agency will also release the February consumer price index for February on Friday. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

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Strongest February car production for three years

Provisional output data released today by the Office for National Statistics shows:UK car production rose 1.7 per cent to 143,461 units in FebruaryExport market led growth, rising 5.7 per cent to 98,322 unitsYear-to-date production just one per cent down on strong 2004 levelSMMT chief executive, Christopher Macgowan, commented, ‘Car production in 2005 remains steady, with an encouraging boost in output last month. Once again, export volumes are leading growth. The lion’s share of these cars are destined for European markets, but it is manufacturers with a strong interest in the USA that are feeling the heat of an unfavourable exchange rate.’CV production rises in FebruaryProvisional output data released today by the Office for National Statistics shows:February CV production rose 3.9 per cent, to 18,012 unitsExport growth remains strong, up 7.5 per centYear-to-February fell 5.5 per cent on same period last year‘Commercial vehicle assembly in the UK saw firm growth in 2004 and we expect that trend to continue in 2005, albeit at a more modest pace’, said Christopher Macgowan, SMMT chief executive. ‘UK manufacturing facilities are up to the challenge of meeting European demand and a range of new vehicles will hit the market in 2005. Recent months have shown that the rate of progress will vary from month to month, but the underlying trend in assembly volume remains positive. The UK home market is expected to remain in robust health with key European markets continuing to present more positive surprises.’For full comment and analysis please click on the link below.DownloadClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more

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Mining3 is commercialising its VoxelNET 3Dbased software platform that can create and

first_imgMining3 is commercialising a 3D-based software platform that can create and simulate a virtual mine. By positioning precisely where things are underground, it opens up opportunities such as controlling robots and tracking movement of ore of different grades. “Imagine being able to control a vehicle or drone inside a mineshaft from anywhere in the world without fear of it crashing into mine walls or workers. Picture being able to track the metal in a car chassis from ore to finished product. Or, consider the ability to store data so that it interacts automatically with information from other sources to provide a more profound understanding of a mine and its grade. Such things are fast becoming possible using a new 3D-based internet platform known as VoxelNET.”The technology has been developed through Mining3 — an industry-funded partnership between industry, original equipment manufacturers (OEMs) and several research groups that include CSIRO. “VoxelNET is all about a more efficient way of storing, analysing, sharing and visualising spatially-based information,” CSIRO 3D system researcher and Mining3 technology leader, Charlotte Sennersten, says. “It is ideal for spatially-based enterprises, but particularly for the mining and minerals industries.”The internet systems currently used to store, analyse, transmit and display information was built for handling 2D text and documents. It has to be modified with software plug-ins to work and display information in 3D and VoxelNET supports this directly. VoxelNET can be used to generate a virtual mine and simulate its operation in 3D. It stores remote sensing information on the fly and enables the tracking or control equipment or material remotely. It’s also able to be shared and accessed by different devices simultaneously and can pull data from a range of sources such as sensors, CAD files and point cloud devices.The virtual 3D space is made up of voxels, an equivalent to 2D pixels on a screen. Voxels are cubes, the size of which can be defined to fit the task at hand. Each voxel in VoxelNET can be precisely located. The voxels can hold information such as density, ore grade, rock hardness, or even safety regulations and legal requirements. They can be programmed to store, integrate and cross-correlate data from many different sources. They can also act autonomously to find and process data, and to interact with each other in precise ways.The voxels come in several different varieties. “Spatial voxels”, for instance, are linked directly to a precisely defined one-metre by one-metre grid of the Earth’s surface — from five kilometres underground to 20 km above ground. They can be used to simulate and connect to reality. Whereas, the matter within “material voxels” can be labelled and traced wherever it moves. Every step and change can be accounted for using the new blockchain technology. The provenance of ores of different grades can be sourced and traced to enable precise planning for mining with lower impact.Voxels and the data they contain can also be subject to different defined layers of security. Broad access can be allowed to some information or simulations, while access to more confidential information can be restricted. Data can be spatially tagged or completely anonymised. The platform already allows input of drillhole data, real-time vehicle data, remote-sensing data and 2D and 3D maps by a single client or user. The applications supported include simulation, remote vehicle control and interactive visualisation.At present, VoxelNET is only available through consultation with researchers at Mining3. Next year, it is hoped it will be released as a commercial product. Mining3 is looking at how to support its ongoing development into a cloud-based distributed platform.last_img read more

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Hideo Itami to be in Wrestlemania 31 Battle Royal

first_img 8/24 NXT Live Results: Tampa, FL (#1 Contender Battle Royal, NXT Title Match) Twitter Recommended videosPowered by AnyClipDave Bautista Announces His Retirement From WWEVideo Player is loading.Play VideoPauseUnmuteDuration 0:40/Current Time 0:04Loaded: 100.00%0:04Remaining Time -0:36 FullscreenUp NextThis 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.Replay the list Now Playing Up Next WWE Superstar Finn Balor confirms marriage to FOX Sports Reporter Veronica Rodriguez Pinterest Triple H Facebook Now Playing Up Next Now Playing Up Next Dave Bautista will be a character in new video game, Finn Balor reveals new look Videos Articles Triple H Talks Neville On NXT Conference Call Google+ Now Playing Up Next Videos Articles Madison Square Garden Pays Tribute to Roman Reigns Jason Namako RELATED ARTICLESMORE FROM AUTHOR NXT star Hideo Itami (former NOAH star KENTA) won a tournament tonight at WrestleMania AXXESS to become the final participant entered into the Andre the Giant Memorial Battle Royal that will take place during the pre-show of WrestleMania 31 this Sunday. Here are the results of the tournament, courtesy of Ringsidexcess.com:* Hideo Itami def. Adrian Neville* Finn Balor def. Tyler Breeze* Hideo Itami def. Finn Balor to win the tournament. Triple H posted the following photo on Instagram of Itami after the match with 2015 WWE Hall of Fame inductee, Japanese legend Tatsumi Fujinami: WhatsApp Now Playing Up Next Dave Bautista Announces His Retirement From WWE Is WWE Losing Its Audience? Dave Bautista WWE And WrestleMania 34 Bring New Orleans A Big Paydaylast_img read more

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Senate Bill Calls for DOD to Improve Capabilities of Training Ranges

first_imgThe Pentagon would need to prepare and implement a strategic plan for addressing deficiencies in the ability of the military’s training ranges to support readiness requirements needed to carry out the National Defense Strategy, under language in the Senate version of the fiscal 2019 defense authorization bill. The provision, section 2832, first requires DOD to evaluate:the adequacy of existing training ranges, including “the ability to train against near-peer or peer threats in a realistic 5th generation environment”; andthe adequacy of current training enablers to meet current and anticipated demands of the armed forces.The strategic plan would include:proposals to enhance the capabilities of ranges to address any limitations on existing resources, including “climatically induced impacts or shortfalls”;goals and milestones for tracking actions under the plan; andprojected funding requirements for implementing the plan.The undersecretary of defense for acquisition and sustainment, who would have lead responsibility for developing and overseeing implementation of the plan, would be required to provide annual progress reports to Congress starting April 1, 2019, covering:progress made implementing the strategic plan;a description of additional actions takes to address limitations on training ranges and enablers; andassessments of individual ranges addressing the initial evaluations.The House version of the defense policy bill, H.R 5515, includes report language directing the Government Accountability Office to assess the extent to which DOD has developed a comprehensive strategic plan to improve the availability and sufficiency of training ranges to meet its training needs. “Training ranges lack sufficient capability and capacity to support full-spectrum training requirements, including the replication of near-peer adversaries capabilities,” the House Armed Services Committee states.Army photo by Sgt. Arjenis Nunez Dan Cohen AUTHORlast_img read more

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Planning to invest in cryptocurrency ICO Read this first

first_imgA visual representation of the digital cryptocurrency Bitcoin.JACK GUEZ/AFP/Getty ImagesWhile investors pile into cryptocurrencies and continue to bet on bitcoin and ethereum, they seem to have lost their appetite for niche tokens that hit the market through a rush of so-called initial coin offerings (ICOs).According to a report issued by Venture Capital fund FabricVentures and TokenData, more than $5.6 billion was raised in 2017 through the ICOs. But most of these ICOs are trading in the red.At an MIT-sponsored Bitcoin Expo on March 17, one of the speakers, Christian Catalini, claimed, “40 percent to 50 percent of ICOs are currently underwater – trading at a price lower than the initial offering price.”The Wall Street Journal reported that March’s ICO tally will be the lowest since last August. Projects in March are also expected to raise only $795 million, a 45 percent decline from February’s $1.44 billion.So what’s causing this sudden disinterest in cryptocurrency ICOs?Some blame it on regulators. The Securities and Exchange Commission has indicated that digital coins may be subject to securities laws, and the agency followed up in September by charging two companies with ICO fraud. That month, China banned initial coin offerings.”ICOs have been raising billions of dollars in capital by selling digital assets. But recently these still-unregulated events have become the focus of increased scrutiny,” analyst Tanzeel Akhtar from Investing.com said.Last week (March 26-30) cryptocurrency market capitalization decreased steadily from $600 billion to $270 billion, which led to a depreciation in the prices of nearly all the coins and tokens in the top 100 cryptocurrencies.The price of bitcoin, known as the world’s largest cryptocurrency, dropped 21 percent in the last seven days while ethereum and ripple lost 24 percent and 21 percent, respectively.It is fairly difficult to build trend forecasts due to the high sensitivity of the cryptocurrency market to news and the constant events taking place in this technology-intensive and dynamic sector.The market is not limited to the territory of one country, meaning that events taking place throughout the world have an impact on capitalization.The current year 2018 will be a year of regulation and formation of the legal framework for circulation of cryptocurrencies.last_img read more

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Smart traffic lights reduce fuel usage and lower emissions

first_img This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Citation: Smart traffic lights reduce fuel usage and lower emissions (2010, October 27) retrieved 18 August 2019 from https://phys.org/news/2010-10-smart-traffics-fuel-usage-emissions.html Explore further — SAE.org– IBM wants traffic lights to stop your carVia: GreenCarReports Denso Corp has proposed a system that uses short-range wireless transmitters in cars and elements of the road infrastructure. This would give traffic lights more information about upcoming vehicles and could change dynamically based on their speed, vehicle type, and relative volume of approaching vehicles. This would inform a stoplight of approaching vehicles and delay the change long enough to let them pass.Denso has taken this proposed system one step further so that an intersection can achieve optimum flow of traffic. They have gone beyond the current signal-control algorithms, that employs averages of traffic flow, in order to adjust cycle times and light extensions to achieve the optimum traffic flow for any given set of approaching vehicles.Denso Corp has been successfully implementing and testing both pre-empting red lights and extending green lights by using vehicle equipped transmitters and receivers in traffic lights at its Vista, California, research facility. Smart traffic light system at intersection. Credit Denso Corp. (PhysOrg.com) — Denso Corp. has designed the next version of ‘the smart traffic light system’. By using messaging between vehicles and the traffic-light controller, better decisions about when to change signaling will help to maximize overall vehicle throughput at an intersection. IBM wants traffic lights to stop your car © 2010 PhysOrg.com Today’s traffic light system collects sensor data from a loop of wire in the roadway to determine when the light should change. The car-sensing light stays green in one direction until a car wants to enter the intersection from the cross street. By reducing the time vehicles idle at a red light helps cut down on their emissions and fuel consumption. More information:last_img read more

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Gay artist creates portrait of Princess Diana in HIV positive blood

first_imgArtist Conor Collins is based in Manchester, England (Photo: John Clark) GAYSTARNEWS- eTN Chatroom for Readers (join us) Share this:TwitterFacebookLike this:Like Loading… A gay artist in England has created a portrait of Princess Diana using diamond dust and blood from someone who is HIV positive. Top US doctor on HIV undetectable sex: ‘From a practical standpoint, the risk is zero’ Got a news tip? Want to share your story? Email us . The day I met Princess Diana when she visited a London HIV center Elton John tells Facebook: Fight AIDS rather than turn a quick buckPrince Harry and Meghan Markle mark World AIDS Day: ‘We owe it to this generation to eradicate AIDS’‘You should be publicly executed’: HIV positive man shares vile Grindr messages he receivesRead the full article on Gaystarnews:  :https://www.gaystarnews.com/article/conor-collins-artist-princess-diana/ Manchester-based Conor Collins posted about his latest artwork on Twitter. In a thread, he explained why he had created the artwork.My portrait of Princess Diana made using HIV positive blood and Diamond Dust. (Thread follows) pic.twitter.com/Fpj6dEDnRj— Conor Collins (@conartworks) July 17, 2018‘HIV stigma still rife’‘My portrait of Princess Diana made using HIV positive blood and Diamond Dust.‘The world was shocked when Diana held hands with a patient with HIV. Decades later, HIV stigma is still rife.‘We should know the facts. You can’t get HIV from kissing. Undetectable means untransmittable. PREP and PEP work.‘However widespread HIV stigma, homophobia, racism and transphobia only serve to make new HIV infections more likely.Princess Diana by Conor Collins‘The latest data in the UK, reported last year but from 2016, is that 93% of those diagnosed are now undetectable and do not pose a transmission risk to sexual partners.‘Despite this people with HIV are twice as likely to commit suicide, particularly in their first year of diagnosis. The shame has to stop. The stigma has to stop. No one should be driven to this.‘When Princess Diana held the hand of a man dying of AIDS, few would have imagined that today treatment would exist that would see HIV-positive people living full, healthy, loving lives. When diagnosed and treated early, life-expectancy for someone with HIV is unchanged.‘We all deserve to be loved. We all deserve to be treated with dignity.‘HIV is a virus. It has no conscience. It is without colour, without creed, without gender or sexuality. It is incapable of judgement.‘Stigma however is a choice.‘The HIV epidemic is fuelled by this stigma, shame and ignorance. Science can treat the disease, but it is love, compassion, respect and understanding that will finally stop the epidemic.’He also embedded a short video clip of the work, which better demonstrates the glittering diamond dust.The HIV epidemic is fuelled by this stigma, shame and ignorance. Science can treat the disease, but it is love, compassion, respect and understanding that will finally stop the epidemic. pic.twitter.com/AHHErvQSsm— Conor Collins (@conartworks) July 17, 2018 ‘The blood itself isn’t mine’Collins was born in Kent but has lived in Manchester for approximately ten years. Self-taught, he has been painting for the past seven years. He made headlines in 2014 when he created a portrait of Tom Daley made up of abusive messages the Olympic diver has been sent.He has followed this up with images of Caitlyn Jenner, a portrait of computer pioneer Alan Turing made from the blood of gay doctors, and Donald Trump, created from bigoted comments that the then Presidential frontrunner had made.Collins elaborated on his latest work to GSN, but declined to reveal where the blood for his latest work had come from.‘The blood itself isn’t mine, however due to confidentiality reasons I am afraid I can’t share who donated it.’He said that the experiences of a friend had inspired him to address the issue of HIV stigma.‘As a HIV negative person I have spent much of my time utterly blinkered to the stigma HIV people are put through every day. It was only after a friend of mine was recently diagnosed that I opened my eyes.‘He spoke to me about his treatment at work, how men would refuse to date him, how people in all different environments treated him entirely differently in so many ways simply because of his status.‘He felt as though the future he had hoped and worked for had been stripped away from him in an instant. I was appalled at how he was being treated, but also appalled at how I myself had been so blind to this happening all around me.‘The discrimination is there on Grindr, it’s there on VISAs, it’s… everywhere. It’s cruel and cold and only serves to build more stigma and shame and this only serves to build an environment where HIV infections are more likely.’To read more about Conor’s work, check out his website: conartworks.comSee alsoHIV stigma summed up in one cruel Grindr messagelast_img read more

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first_img Technology | Nuclear Imaging | January 16, 2019 MIM Software Inc. Receives FDA 510(k) Clearance for Molecular Radiotherapy Dosimetry MIM Software Inc. received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for molecular radiotherapy… read more Videos | SPECT-CT | December 12, 2018 VIDEO: Walk Around of the Veriton SPECT-CT System This is a walk around of the new Spectrum Dynamics Veriton SPECT-CT nuclear imaging system introduced at the 2018 … read more Technology | PET Imaging | June 28, 2018 MILabs Introduces Futuristic PET Capabilities on New VECTor6 System At the 2018 Society of Nuclear Medicine and Molecular Imaging (SNMMI) annual meeting, June 23-26, in Philadelphia,… read more News | Nuclear Imaging | September 27, 2018 Technology and Radionucleotide Development Will Fuel Mobile Gamma Camera Adoption Advancements in healthcare technology, particularly in the surgery category, have led to an increasing adoption of… read more News | SPECT Imaging | December 06, 2018 Spectrum Dynamics Sues GE for Theft, Misappropriation of Trade Secrets and Unfair Competition Single-photon emission computed tomography (SPECT) cardiac imaging company Spectrum Dynamics filed a lawsuit Dec. 6,… read more News | December 10, 2008 BSGI Allows for Diagnosis of More, Earlier Breast Cancers News | Radiopharmaceuticals and Tracers | May 17, 2019 New Phase 2B Trial Exploring Target-Specific Myocardial Ischemia Imaging Agent Biopharmaceutical company CellPoint plans to begin patient recruitment for its Phase 2b cardiovascular imaging study in… read more December 10, 2008 – Breast-specific gamma imaging (BSGI) is effective in the detection of cancers not found on mammograms or by clinical exam, according to a study presented today at the annual meeting of the Radiological Society of North America (RSNA).”BSGI can identify the most difficult to detect breast cancer—invasive lobular carcinoma,” said lead author Rachel F. Brem, M.D., professor of radiology and director of the Breast Imaging and Interventional Center at The George Washington University Medical Center in Washington, D.C. “It also can help us detect additional lesions of all types of breast cancer in women whose mammograms show only one suspicious lesion.”Breast cancer affects more women than any other non-skin cancer and, according to the American Cancer Society, accounts for more than 40,000 deaths annually in the U.S. Most experts agree that the best way to decrease breast cancer mortality is through early detection using mammography and clinical breast exam. However, some cancers are difficult to detect with mammography and clinical exam, particularly in the earliest stage when treatment is most effective.While mammography findings are characterized by the difference in appearance between normal and suspicious breast tissue, BSGI findings are based on how cancerous cells function.”It is this physiological approach to breast cancer diagnosis that allows for improved cancer detection,” Dr. Brem said.BSGI is an emerging molecular imaging technology using a high-resolution gamma camera that allows for imaging with very mild compression of the breast along with an injection of a low-dose nuclear material called a radiotracer, which is absorbed by the cells. Because cancerous cells have a higher rate of metabolic activity, the tracer is taken up by these cells at a higher level than in normal cells.Dr. Brem and colleagues reviewed the records of 159 women with at least one suspicious or cancerous lesion found by mammography or physical exam, who had undergone BSGI to determine if additional lesions were present.BSGI results showed an additional suspicious lesion missed by mammography and physical exam in 46 (29 percent) of the women. In 14 (36 percent) of the 39 women who underwent biopsy, the newly discovered lesions were cancerous.”The data suggest that BSGI allows for the diagnosis of more and earlier breast cancers,” Dr. Brem said.Dr. Brem pointed out that BSGI is not meant to replace mammography, but to be used as an adjunct to mammography. “It is an excellent tool for locating difficult-to-detect cancers and for screening high-risk women who have normal mammograms and physical examination,” she said.Disclosure: Dr. Brem is on the board of directors of iCAD, Inc., a board member of Dilon Technologies LLC and a consultant for Orbotech Ltd.Source: RSNA is an association of more than 42,000 radiologists, radiation oncologists, medical physicists and related scientists committed to excellence in patient care through education and research. The Society is based in Oak Brook, Ill. (RSNA.org)Editor’s note: The data in these releases may differ from those in the printed abstract and those actually presented at the meeting, as researchers continue to update their data right up until the meeting. To ensure you are using the most up-to-date information, please call the RSNA Newsroom at 1-312-949-3233.For more information: www.radiologyinfo.org. FacebookTwitterLinkedInPrint分享 Feature | Nuclear Imaging | November 05, 2018 | By Sabyasachi Ghosh State of the Industry: Medical Hybrid Imaging Market “Experimental validation implemented in real-life situations and not theoretical claims exaggerating small advantages read more News | SPECT Imaging | August 27, 2018 Brain Study of 62,454 Scans Identifies Drives of Brain Aging In the largest known brain imaging study, scientists from five institutions evaluated 62,454 brain single photon… read more Related Content New Spectrum Dynamics SPECT-CT System at RSNA 2018Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 1:33Loaded: 10.56%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:33 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions 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.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. News | Cardiac Imaging | July 03, 2018 Cardiac Hybrid Imaging an Effective Tool for Predicting Heart Attacks July 3, 2018 — Cardiac hybrid imaging read more Technology | Nuclear Imaging | July 16, 2018 Siemens Healthineers Announces FDA Clearance of syngo.via VB30 Molecular Imaging Software At the 2018 Annual Meeting of the Society of Nuclear Medicine and Molecular Imaging (SNMMI), June 23-26 in Philadelphia… read more A PET/CT head and neck cancer scan.last_img read more

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UPDATE International con artist quickly released after arrest in Puerto Viejo on

first_imgUPDATE Friday Jan. 6 at 2:46 p.m.: Following his arrest Tuesday morning in Puerto Viejo, Danish national Youssef Khater was quickly released by Costa Rican authorities, according to multiple officials. A spokeswoman for the National Police Force confirmed in a phone call to The Tico Times that Khater is free again after his short-lived detainment but said the police were not responsible for his release and that responsibility falls on the Judicial Investigation Police (OIJ).A spokesman from the OIJ press team told The Tico Times that local investigators received numerous calls from Puerto Viejo residents in the days leading up to Khater’s arrest. When those investigators called Interpol to see if he was wanted, Interpol agents told them Khater’s record was clean. Though he has a pending charge for fraud stemming from a 2012 complaint, the OIJ spokesman said that Khater is presenting himself to the appropriate authorities for hearings and trials regarding the charge, and said therefore that OIJ had no reason to hold him.Neither spokespeople from OIJ nor the National Police Force could confirm exactly when or why Khater was set free again, both saying that the exact details of his release were the responsibility of the other institution.The Tico Times was made aware of his release in an email tip Thursday by a woman claiming to have seen Khater on a bus from San José back to Puerto Viejo. The woman claims Khater was talking to a Swedish woman traveling alone while the two were located in the seats in front of her. The tipster said she warned the lone traveler about media reports she had seen of Khater.—Original story continues here:Ever since notorious U.S. fraudster Robert Vesco bought amnesty in Costa Rica, the country has seen a long line of international fugitives follow in his footsteps and make their way across Costa Rican borders.A Danish man once described in a Texas Monthly exposé as an “international con artist” was the latest wanted criminal to be arrested when the National Police Force and Tourism Police detained him Tuesday in Puerto Viejo, on Costa Rica’s Caribbean coast, on accusations of fraud.Youssef Khater, a Danish expat of Lebanese origin who has been living in Costa Rica since at least 2014, was quickly placed in preventive prison in Limón, per the police report.According to a 2014 article from Spanish-language daily Diario Extra, Khater was wanted for defrauding Canadian expat Marie Taylor in the amount of $18,000 in Quepos after meeting her at a local race. He had reportedly defrauded a second foreign athlete of thousands of dollars more.An avid marathoner, Khater is shown in Facebook photos competing in races across Costa Rica.Journalist Francesca Mari’s reporting for the Texas Monthly detailed a horrifying account of Khater burying 23-year-old Callie Quinn alive in Chile in 2011. Fortunately, Quinn escaped and Khater was eventually imprisoned in the Chilean capital of Santiago for attempted murder, according to the account. After Khater was released and sometime later fled to Costa Rica, Quinn would come to find out that the man who tried to kill her had a long, checkered past.“Callie discovered that her attacker, Youssef Khater, had befriended and conned sportspeople and expats around the world — in Denmark, Brazil, and Chile,” wrote Mari in a story published by Texas Monthly on Dec. 18, 2015. “He had nearly clobbered a London runner to death. And in his home country, he’d even convinced some 50 people to wire him thousands of dollars, telling them that they were booking tickets for a trip to a ‘sports city’ in Dubai owned by a prince. He also seduced many kind, generous, and smart women along the way.”A Facebook user in local expat groups posted warnings about Khater Tuesday morning shortly before his capture in Puerto Viejo, attempting to deter people from confronting or befriending the “true psychopath.” In messages exchanged with The Tico Times, the poster said she did not have any personal dealings with Khater but had come across the story on the Internet. Facebook Comments Related posts:U.S. man escapes from Costa Rican detention center Michigan fugitive John Saatio to be extradited Saturday Costa Rican prosecutors investigate luxury condominium fraud in Central Valley Arrests made in case of murdered Dutch couple and laborerlast_img read more

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Marriott Vacation Club purchases the Surfers Paradise Marriott

first_imgMarriott Vacation Club purchases the Surfers Paradise MarriottMarriott Vacation Club, a global leader in timeshare vacation ownership, announced today that it has finalized the purchase of the iconic Surfers Paradise Marriott Resort & Spa Gold Coast, Australia. The announcement further establishes its strategy of expanding in Asia Pacific and adding new destinations to its growing worldwide portfolio of over 55 Marriott Vacation Club resorts.“Australia has long been considered as one of the top destinations our Members and guests say that they want to experience for their holidays,” said Bill Minnock, senior vice president and managing director, Asia Pacific, Marriott Vacations Worldwide. “The legendary Surfers Paradise Marriott has provided unforgettable holiday memories for Australian families and families from around the world. We are truly excited to add this amazing destination to our portfolio and are continually looking for additional development opportunities to further our growth in the Asia Pacific region.”Plans for this new Marriott Vacation Club resort location include converting eight dedicated floors into 88 timeshare vacation apartment villas in a combination of studio and one bedroom floorplans.Guests will enjoy lush accommodations with outdoor balconies, scenic views of the Pacific Ocean and stunning hinterland views of the Nerang River and mountains. The resort offers a paradise within a paradise featuring sparkling lagoons, white sandy beaches, cascading waterfalls, quiet pool zones and unique aquatic experiences.The resort is ideally situated in Queensland on Australia’s Gold Coast, which enjoys temperate year-round weather and 300 days of sunshine per year. The Gold Coast is home to Queensland’s most popular tourist destination and offers a diverse selection of retail shops, restaurants, internationally renowned surf beaches, national parks and entertainment districts. Additionally, the resort is just a short drive away from several major theme parks and attractions. For guests seeking to further explore the east coast of Australia, the Gold Coast is a perfect base with Brisbane a short drive away and Sydney, Melbourne and the Great Barrier Reef within a 1- to 2-hour flight.Marriott Vacation Club plans to complete conversion of the initial phase of timeshare vacation apartment villas and to open a new sales gallery by March 2016. The remaining hotel portion of the resort will continue to be operated under the Marriott brand. Marriott Vacation ClubSource = Marriott Vacation Clublast_img read more

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