first_imgThe month of March opened with US unemployment near a 50-year low and concluded with countless companies turning to Washington for help as the coronavirus ravaged the economy.Quarterly earnings season — which kicks off this week with reports from major banks — will provide the first full accounting of how the COVID-19 crisis affects corporate America.While the reports will no doubt be weak, it is difficult to know exactly how bad the first-quarter results will be because the first two months of the year saw fairly strong economic activity that was halted in sudden and dramatic fashion in March as governments imposed lockdown orders to halt the spread of the virus. Major blow Topics : Over the course of March, the US economy sustained an almost unimaginable series of blows. More than 10 million people were suddenly put out of work, major auto plants closed down, thousands of small businesses shuttered as did restaurants, malls and movie theaters, major sporting events were canceled or postponed and thousands of commercial flights were axed or flew with fewer than 25 percent of the seats filled. Through this period, the S&P 500 shed more than $3 trillion in market capitalization.The pandemic has killed thousands, rendered major cities ghost towns and scattered workforces, with executives suddenly managing employees who are sheltering in place at home.In the wake of the remarkable halt to business, American, Delta, United and other airlines have sought massive public support, along with myriad hospitality industry companies, while Boeing has encouraged workers to apply for unemployment benefits.Washington has responded forcefully, with Congress enacting unprecedented fiscal stimulus and the Federal Reserve introducing a host of new programs to boost market liquidity and the real economy. “Visibility is extremely limited at this time,” said Francois Trahan, a strategist at UBS, expressing a sentiment shared by other market watchers who are hesitant to predict when profits might rebound.”While the willingness of policymakers to use all the tools at their disposal is clear, only time will tell to what extent the actions succeed in limiting defaults, closures and layoffs,” Goldman Sachs said in a note.center_img Banks in spotlight The first big day for earnings will be Tuesday with reports from large banks, always a key proxy for the US economy and an especially central industry now because of the vital role they play in key federal stimulus programs. The bank results will speak to the hit on households, specifically how much customers are struggling with credit card and auto loan payments, as well as the stress facing businesses of all sizes.On a conference call with analysts, bankers will no doubt also be queried on the effectiveness of the Fed’s barrage of relief programs, as well as the impact of massive fiscal stimulus.In subsequent weeks, investors will hear from a broader set of companies, including hotels, retailers and cruise and entertainment companies that have seen some of the most devastating effects from shutdowns.There is also a smaller list of companies that have seen business soar amid the coronavirus crisis. These include big box companies with grocery divisions such as Walmart and Costco, e-commerce giant Amazon and the makers of suddenly in-demand household products such as toilet paper, canned soup and hand sanitizer.Earnings season continues through mid-May. Analysts expect companies in the S&P 500 to report a drop in profits ranging from six to 15 percent. The outlook is much worse for the second quarter, when the decline is expected to be at least 18 percent.Adding to the uncertainty: numerous companies have withdrawn their earnings forecasts amid the fog over how long much of the US economy will remain in a state of suspended animation.last_img read more

first_imgSharjah: A big daddy Virat Kohli hundred or a Rohit Sharma special laced with humongous sixes to take India past the 300-plus run mark is a common sight in today’s day and age. But it was not the case in the late 90s’ when the par scorewas around 250.On this day, in 1996 it changed as India scored 300 or more in an ODI match for the first time, at Sharjah against Pakistan. The Mohammad Azharuddin-led side won by 28 runs with Little Master Sachin Tendulkar (118) and Navjot Singh Sidhu (101) forging a record 231-run stand for the second wicket.Azhar took India past the 300-run mark with a quickfire 10-ball 29 as they posted 305/5. India’s innings was all about the class of Tendulkar who hit eight fours and two sixes while Sidhu was all about running between the wickets and keeping the scoreboard ticking.India went on to win the game by 28 runs. This match is also known for Sidhu losing his temper in an exchange of words with Waqar Younis and skipper Aamir Sohail. Tendulkar tried to calm things down and worked with Sidhu as they built record stand which took India to a famous win.In reply, Pakistan rode fifties from Sohail and wicketkeeper batsman Rashid Latif with Ijaz Ahmed and Saleem Malik both scoring 42. They were all out for 277 with pace spearhead Javagal Srinath returning best figures of 3/65.Tendulkar did well with the ball too, taking two wickets — Basit Ali and Saqlain Mushtaq. (IANS)Also Read: Sachin Tendulkar gritty knock in year 1998 is how to fight COVID-19: Ian ChappellAlso Watch: Hagrama Mohilary organizes a press-meet on Coronavirus situation and distribution of Rationslast_img read more

first_imgClick here if you’re unable to view the gallery or video on your mobile device.OAKLAND — It’s been an ugly year for the Raiders, but in what was possibly their final home game ever at the Coliseum on Christmas Eve, their fans were gifted the type performance they all envisioned for their team when Jon Gruden was re-hired back in January.A torrential rainfall poured down on the Coliseum for most of the pregame, but that cleared up by kickoff as the Raiders (4-11) then opened up floodgates of …last_img

first_imgMany people spend the bulk of theirtime at the office, so it is logical toadapt work behaviour to reflect amore sustainable approach.(Image: Architects Modern) MEDIA CONTACTS • Ana-Maria Valente  Director, Dictum Publishers   +27 11 616-7401 RELATED ARTICLES • Maropeng sets green standard • SA’s children learn to be green • Green buildings now the law in SA • SA firms turn to green pest controlShamin ChibbaMaterialism and consumerism are two traits that have led to the degradation of the ecosystem and they must be replaced with thoughtful purchasing, say the organisers of South Africa’s Green Office Week (Gow), an annual initiative that promotes responsibility towards the environment.Now in its third year, Gow will be marked from 16 to 20 April with the theme You can make a difference.The initiative is celebrated in the same week as Earth Day, on 22 April.Gow’s organisers believe that whether an organisation is large or small, green behaviour must be a part of the work habits of everyone employed there.Gow spokesperson Ana-Maria Valente says the aim of the campaign is to encourage employees to consider ways of reducing waste and reusing more material in their offices.“We know that time is limited for most working people so the obvious thing to do is to make green office behaviours as easy as possible by providing samples of action plans that cover the key areas where everybody – from the tea lady to the executives – can start going green,” she says.Some of the tips that can be found on the Gow website include using greyscale printing for in-house documents and taking out all unnecessary goods from car boots in order to save fuel.Green thinking equals financial stabilityThe idea of holding a green office week in South Africa was spawned when Valente came across the British version of Gow. She contacted the organisation and obtained permission to adapt the principles for use in this country.The sustainability of businesses, nations and the earth are all connected, says Valente. As a result, the global economy is adopting principles of environmental maintenance that may offer solutions to climate change and the global financial crisis.“We tend to think that everything from water to food is infinite,” she says. “We are urging people to start thinking green because it is tied to financial sustainability.”Encouraging corporate cooperationThe general perception is that corporations care more for their bottom line and pay the planet scant attention. Although there are numerous big companies, such as Nedbank, who are conscious of their carbon footprint and have implemented many strategies to offset it, Valente says there are three ways to coax more of these companies into being considerate towards the environment.The first is legislation that would punish them for misdemeanours against the ecosystem.Another method is to show them that they can actually measure the amount they save if they stop wastage of electricity, paper, fuel and the like.The final way is to implement a reward system. Gow is using this last technique as a way to get employees to start thinking green.For this year’s initiative Gow has introduced the Green Heart Award, which is given to individuals who have made considerable eco-friendly changes within the office environment.“We want to go into firms and find the eco-champions. The minute you start finding eco-champions you grow more of them,” says Valente.The reward is an attractive cash prize for both the winner and the person who sent in the nomination. There is also a host of other sponsored prizes.Gow is creating a marketing strategy that will see celebrities promoting the campaign as well as the use of media to spread the organisation’s message.“We want to use every possible psychological tool,” says Valente.Employees need to know about GowSome employees, however, know nothing about Green Office Week. Keveshen Chetty, an ICT practitioner at Asgisa Eastern Cape, said that he was not aware of the initiative.Chetty acknowledged that more needs to be done to make offices more eco-friendly.“A formal awareness strategy should be developed and staff made aware of it,” he said.Jaen-Pierre Klaassen, CEO of web development company MyGuru, has also not heard of Gow. However, he said his organisation has a number of green habits.MyGuru’s billing system is fully digital; the company has only one laser jet printer and it rarely buys paper. The servers are driven by wind farms and power supplies are switched off at the end of each day.“It is just a way of thinking. We are a generation that has these habits ingrained in us,” said Klaassen.MyGuru also offers an email service called Clickmail, which encourages clients to send e-newsletters and conduct campaigns online. For every client that signs up, MyGuru donates money to an organisation that will plant a tree.last_img read more

first_img Essential Reading! Get my 3rd book: Eat Their Lunch “The first ever playbook for B2B salespeople on how to win clients and customers who are already being serviced by your competition.” Buy Now There are hundreds of books on sales, all of which can help you learn to be a better salesperson. There are countless blogs (and now a vlog) that can improve your ability to sell, and improve your effectiveness. There are courses and classes on sales, and you can also get training and coaching. All of these things work, but they are not as important as the one thing that matters most.Your character and your integrity matter more than what you know about selling. The fact that you are the kind of person that is honest and trustworthy is more important than most everything else.Being other-oriented is underestimated. Caring is a superpower. You make it easy for people to buy from you when you are laser-focused on helping others get the results they need. It’s not that you can’t pitch, but that your pitch ins’t about you.Your attitude and your personal demeanor matter a great deal, too. Are you likable? Are you the kind of person that people are going to want to work with as they change and do something different? Confident, successful people are not negative or cynical.If you are resourceful, you are someone who can come up with solutions and find ways to make things work. If you take initiative, you continue to make changes that improve things without waiting for some external event to compel your clients to change. Persistence is an attribute that is the key to producing results over time. Being the kind of person who puts enough time and energy against obstacles and watches them yield makes you someone with whom it makes sense to bring onto your team.What you do is important. But much of what you do is the result of who you are. Who you are matters more than what you do.Be someone worth doing business with.last_img read more

first_imgA closeup of Joey Bosa leaving the field.GLENDALE, AZ – JANUARY 01: Defensive lineman Joey Bosa #97 of the Ohio State Buckeyes walks off the field after being ejected for targeting during the first quarter of the BattleFrog Fiesta Bowl against the Notre Dame Fighting Irish at University of Phoenix Stadium on January 1, 2016 in Glendale, Arizona. The Buckeyes defeated the Fighting Irish 44-28. (Photo by Christian Petersen/Getty Images)Ohio State’s football program won the 2016 NFL Draft, having 12 former Buckeyes taken during the draft’s seven rounds (including five in the first round). Two more former OSU stars – Tyvis Powell and Jalin Marshall – have already agreed to unsigned free agent deals. 12 Buckeyes off to new places in this record-setting draft. Congrats guys and best of luck! #NFLDraft2016 #GoBucks pic.twitter.com/WOA2bcREwI— Ohio State Football (@OhioStateFB) April 30, 2016What numbers will OSU’s rookies wear in the NFL? Here’s what we’ve found. Joey Bosa – 99New Chargers DE Joey Bosa on his new number: “97 was taken. Not too many choices. But I like 99.” Was either 90, 96 or 99.— Michael Gehlken (@sdutGehlken) April 29, 2016Ezekiel Elliott – 21. @OhioStateFB RB Ezekiel Elliott @EzekielElliott to wear No. 21 for Dallas Cowboys. Other 21s: Joseph Randle, Julius Jones, Deion Sanders.— Brandon George (@DMN_George) May 2, 2016Eli Apple – not yet known.Taylor Decker – not yet known. Darron Lee – not yet known. Michael Thomas – 13. Vonn Bell – not yet known. Adolphus Washington – not yet known. Braxton Miller – 13. Nick Vannett – not yet known. Joshua Perry – not yet known. Cardale Jones – No. 7 (this hasn’t been officially announced, but it looks like Jones hinted at it on Twitter.)~7~— Cardale Jones (@CJ12_) May 1, 2016Jalin Marshall – not yet known. Tyvis Powell – not yet known.last_img read more

first_imgExpressing concern over the military assistance provided to Pakistan by the US, India conveyed its message to Washington over the rising military cooperation and resumption of military supplies. The State Department of the US approved a military assistance package of $125 million for the continued support of the F-16 programme. The Pentagon asserted that the military sales would result in the monitoring of the F-16 fighter jets in Pakistan’s inventory and not alter the basic military balance in the region. Pentagon’s decision comes after Pakistan Prime Minister Imran Khan’s US visit that, as per his view, was successful in amending US-Pakistan ties. No matter how much cover the US provides for its decisions, the decision to aid Pakistan does not go down well within the Indian corridors. Just as Indo-US bilateral relations are brimming to be at their personal best, signs of reconciliation with Pakistan pose a serious threat to it. America should take cognisance of the fact that it is the very same F-16s that Pakistan deployed against India in February when the Balakot Airstrike happened and one of our pilots had crash-landed on Pakistan soil. Though the US maintains that proposed sale does not indicate any change in the US policy of maintaining a freeze in military assistance to Pakistan, there lies a suspicious perception towards the same. At a time when the US is leading the charge at the FATF’s meetings to see that Pakistan curbs terror funding and narrows down on terror outfits to avoid getting blacklisted, facilitating a $125 million military sales does not fit in the picture. Somewhere, it denotes America’s double standards. Recently, US President Trump had stated that he was offered an opportunity to mediate the Kashmir issue by Indian Prime Minister which was clearly denied by India. Citing the Lahore Declaration and Shimla Agreement as the norms as per which the issue is to be bilaterally resolved, India maintained a no-third-party interference policy. In fact, India looks up to the US as a strategic ally who can push Pakistan to a corner, like it has when FATF strictures are concerned and live up to its commitment to eradicate terrorism and terror funding in the wake of several terror instances in past times. But its military sales do not keep its commitments of cornering Pakistan in high regard. There may be another ambition that the US is pursuing with regard to its South Asia policy but clearly, that is not sitting well with India who sees US aid to Pakistan as highly concerning. There are concerns whether this military sale would result in an upgrade for Pakistan’s F-16s, further strengthening them. These concerns are not irrational for India who looks at US’s aid to Pakistan as a detrimental sign. To this effect, and given the shaky trade relations, the United States has a lot to clarify and rectify, if wrong, when US deputy secretary of state John Sullivan visits New Delhi in August. It is strange that at the G20 summit in Osaka, Trump’s attitude with Prime Minister Modi and their discussions suggested smoother cooperation between India and the US but back home, there have been turbulences that certainly do not augur well for the bilateral relations. It is to this concern that the United States must allay any underlying concerns of India and ensure it of their commitment. The pseudo-aid provided by US to Pakistan gives the latter a stronger and bold outlook towards state of affairs when in reality Pakistan should be carrying out crackdowns on terror outfits to redeem these. If the US provides aid, of any kind, to it then there is less motivation to do what is necessary–eradicate terrorism from its soil. US must realise that its actions have dire consequences which may not affect it but will affect India who has been at the receiving end of such terrorism emanating from Pakistan soil for years. US, with its CAATSA policy and the entire episode of cornering Iran, must realise that it is not the best portrayal of its policies when it aims to solidify relations with India while acknowledging the terror threat that Pakistan holds.last_img read more

first_imgAPTN National NewsAfter years of political turmoil and a criminal trial the chief and several members of Poundmaker Cree Nation in Saskatchewan have received their punishment for stealing money.But they won’t be going to jail.Recently re-elected Chief Duane Antoine was sentenced to 20 months probation, community service and ordered to pay $2,500.Coun. Colin Favel was ordered to repay more than $12,000.Both Favel and Antoine admitted to stealing treaty money from the band.They weren’t alone.last_img