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‘Sack Rodgers, Klopp or Ancelotti in!’ John W Henry tweets after Norwich disgrace

first_img1 Liverpool’s dire performance against Norwich at Anfield had Kopites tweeting club owner John W Henry in disgust.Reds supporters contacted the head of Fenway Sports Group demanding the sacking of Brendan Rodgers as Liverpool laboured against the Canaries.Take a look at some of the tweets, below, and join the debate on Liverpool and Rodgers’ future by leaving a comment below… Brendan Rodgers last_img

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If Science Cannot Prove Anything, What Is Its Value?

first_imgAn educator defends science while an astrophysicist undermines it.Two articles on the Conversation website, put together, ask us to promote science because it can’t prove anything. That’s an odd combination. Let’s take a look.On The Conversation article #1 (4/15/15), Rod Lamberts of the Australian National Centre for Public Awareness of Science presents a typical science-as-progress, science-as-truth argument for why people should value science and support it through government largesse.  What’s science’s value? “It’s not always about the money,” he says. He offers five values that come from science:Testing and presenting ideas and the great tools to do it.Scientific reasoning protects us and saves us from ourselves.Inspire, motivate, and delight.Challenging the status quo and inspiring reflection.Meaning, worth, and expressing the best of ourselves.While it’s true that some scientists sometimes do these things, a question Lamberts does not address is whether science alone can advertise these benefits. One could find theologians, historians, or the pastor of a local Baptist church, in his Sunday sermon, fulfilling all or some of them. The only unique benefit Lamberts offers about science (point #1) involves the so-called “scientific method,” which he portrays idealistically at a high-school level:The mechanisms of scientific enterprise have proven their worth time and again. The formulation of challengeable hypotheses, and the increasingly sophisticated methods we use to test them, have repeatedly been confirmed as the most potent tools for finding out things about our world.The scientific method has helped us make sense of the world in a way that counters our natural tendencies to make connections and draw conclusions that simply aren’t true.For example, the issue of correlation and causation, and how we regularly mess this up if we don’t apply rigorous scientific and statistical reasoning.Each one of these assertions could be challenged by a lower-division philosophy of science professor. While the “mechanisms” and “scientific method” sound lovely in theory, in practice, real scientists are human and subject to biases. Scientific methods are not fixed in stone; they evolve and mutate by artificial selection (3/11/15). Some scientific ideas, like Darwinian evolution, are impervious to challenge, as some can attest. Scientists tend to work in institutional communities that often force facts into paradigms despite the evidence. For an example of how scientists can cling to a paradigm despite multiple falsifications and failed predictions, see Real Science Radio‘s list of failed predictions for the Big Bang theory, especially the first video clip from Fermilab about “Big bang’s missing antimatter.” Despite their mathematical wizardry and education, top scientists are not immune to dogmatism.Causation, likewise, has been challenged at least since Hume. Lamberts has jumbled and mangled multiple concepts together in this porridge of scientific idealism dished out uncritically. As for “rigorous reasoning,” that belongs in any scholarly field, not just science. Moreover, rigor and reasoning are moral and logical requirements for science, not products of science or of a mechanical method. Is it good to use reason? Is it evil to be lazy (to lack rigor)? Those are theological questions.This is not to imply that governments should not fund research they feel is in their self-interest, but certainly democratic people should have a say in how their money is spent. Nothing stops a scientist or an institution from raising their own money for what they want to study.Proof or Goof?A more reasoned presentation of science is in The Conversation article #2, by astrophysicist Geraint Lewis. You can tell where he’s going by his headline, “Where is the proof in science? There is none.” He ends with a quote from Nobel physicist Richard Feynman, “I have approximate answers and possible beliefs in different degrees of certainty about different things, but I’m not absolutely sure of anything.” Lewis shows himself keenly aware of the principle that scientific views are tentative at best.So, science is like an ongoing courtroom drama, with a continual stream of evidence being presented to the jury. But there is no single suspect and new suspects regularly wheeled in. In light of the growing evidence, the jury is constantly updating its view of who is responsible for the data.But no verdict of absolute guilt or innocence is ever returned, as evidence is continually gathered and more suspects are paraded in front of the court. All the jury can do is decide that one suspect is more guilty than another.Even the mathematics in much of science cannot provide certainty. The elegance of mathematics does not, by itself, assure correspondence with reality. That requires evidence. But the ability to obtain evidence is “limited by technologies and uncertainties,” he points out. Some of our beliefs have grown stronger, but we cannot say they are proven.  We have a pretty good grasp on gravity, he thinks, but not on string theory.In the mathematical sense, despite all the years of researching the way the universe works, science has proved nothing.Every theoretical model is a good description of the universe around us, at least within some range of scales that it is useful.But exploring into new territories reveals deficiencies that lower our belief in whether a particular description continues to accurately represent our experiments, while our belief in alternatives can [sic, has] grown….While our degree of belief in some mathematical models may get stronger and stronger, without an infinite amount of testing, how can we ever be sure they are reality?Both articles generated lively sets of comments.We remind these conversationalists of what C. S. Lewis said; there is no such thing as “scientific reasoning.” There is only “logical reasoning,” and that needs to apply to all inquiry, whether historical, mathematical, or theological. Scientific reasoning—even about evidence—presupposes a sincere love of the truth and a desire to pursue and present it honestly. Without theological foundations for reason and rigor, science would be impossible. Science is essentially a theological enterprise. It would be unscientific to saw off the branch on which one sits. (Visited 72 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

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Formula changes and lower crop prices point to lower CAUV values in the future

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Owners of Agricultural land enrolled in the Current Agricultural Use Valuation (CAUV) property tax program in the twenty-four counties that are experiencing a reappraisal or triennial update in 2015 (payable in 2016) will see the highest CAUV values in history, based on preliminary numbers from the Ohio Department of Taxation. Similar to prior years, increases in values will be in the vicinity of 100% to 200%. However, lower crop prices and changes made to the CAUV formula by the Ohio Department of Taxation point to lower CAUV values in the future.WHAT IS CAUV?In 1972, Ohio voters approved a constitutional amendment that allowed qualified agricultural land to be valued at its current agricultural use value for real property tax purposes rather than fair market value.  The home, home site and outbuildings are still valued at fair market value.Current agricultural use value can be determined by the capitalization of the typical net income from agricultural crops on a given parcel of land assuming typical management, cropping patterns, and yields for the types of soil present on the tract.HOW IS CAUV CALCULATED?The CAUV values are based upon a formula containing five factors applied to three crops: corn, soybeans, and wheat, the three most prevalent crops in Ohio. Hay was dropped from the formula in 2010. The five factors are:1.)        Cropping pattern- based upon the acres of corn, beans and wheat compared to the total acres of those three crops. These percentages are based upon statewide averages.2.)        Crop prices- based upon a survey by NASS of elevators in Ohio3.)        Crop yields- based upon 1984 NRCS/NASS per acre yield estimates for each soil type, adjusted for actual average yields in Ohio for the past ten years.4.)        Non-land production costs- based upon farmer surveys by The Ohio State University.5.)        Capitalization rate- based upon the interest rate for a 15-year fixed rate mortgage at Farm Credit Services, with 40% attributed to equity and 60% to debt.The crop prices, non-land production costs and capitalization rate are calculated by taking the previous seven years of numbers, eliminating the highest number and the lowest number, and then averaging the remaining five numbers. Cropping pattern is based on an average of the last five years of acres planted. The prices, cropping pattern, costs and yields are then multiplied, added and subtracted to determine the net profit per acre of soil type, and that number is then divided by the capitalization rate to arrive at the final value. This calculation is performed for each of the 3500 soil types in Ohio.LOWER CROP PRICES IN 2014For the second consecutive year, the price for corn, beans, and wheat that came into the formula is lower than the prior year. The price for corn that came into the formula for 2014 is $3.65/bu. compared to $4.41 for 2013. Similarly, the 2014 price for soybeans that came into the formula is $10.40 compared to $13.00 for 2013. Likewise, the new 2014 wheat price is $5.55 versus $6.54 for 2013.NOT AN IMMEDIATE EFFECTOne or two years of lower crop prices will not produce a noticeable decrease in CAUV values. There needs to be a trend lasting several years to substantially reduce the values. A trend is required because the crop prices used in calculating CAUV values are based on a seven-year rolling average, with the highest price and the lowest price during that seven-year period thrown out.Using corn as an example, the corn prices used in the 2015 calculation for the last seven years are:2008 – $4.212009 – $3.552010 – $5.452011 – $6.442012 – $7.092013 – $4.412014 – $3.65Since $3.55 is the lowest price and $7.09 is the highest price, they are removed from the calculation. The average of the remaining five numbers is $4.79. After a management allowance of 5%, which is allowed in the formula, the price for corn used in the 2015 formula is $4.55. Please remember that these numbers are preliminary and may change before finalization of the 2015 values. There is a similar trend for the calculation of the prices for soybeans and wheat.Continuing to use corn as an example, it will take several years of lower crop prices to substantially lower land values for CAUV purposes. Real property is revalued every three years for tax purposes. Therefore, property being revalued in 2015 will not be revalued again until 2018. During that time, three years’ worth of crop prices will drop out of the formula and will be replaced by three new years’. If the three new years’ crop prices are lower than $6.44, it is likely that there will be a decrease in CAUV values. Based on experts’ opinions and forecasts, such appears to be the case.CHANGES TO THE FORMULA BY THE OHIO DEPARTMENT OF TAXATIONIn response to the alarming increases in CAUV values over the past several years, attorneys at the Ohio Farm Bureau Federation researched and reviewed the CAUV formula in greater detail than it has ever been reviewed since its inception. As a result of this review, Ohio Farm Bureau made several recommendations to the Ohio Department of Taxation to update portions of the formula to more accurately reflect current values. These recommendations do not substantially change the way that CAUV is calculated, but rather to update the data contained in the formula.The Ohio Department of Taxation has agreed with several of the recommendations forwarded by Ohio Farm Bureau. Therefore, the changes that will appear in the 2015 CAUV calculations are:TIMELINESS OF DATA – There has always been a two-year lag period between the collection of the data used in the CAUV formula and the finalization of the values for use by county auditors. This became especially troublesome in a year like 2014 when the price of soybeans fell from $13.00/bu. To $10.40/bu., but CAUV values doubled. Soybean prices dropped even lower by the end of the year and continue to fall in 2015. Because of the two-year lag period, it took two years for these lower prices to appear in the formula. Then, the lower number may be thrown out of the calculation if it was the lowest during the seven-year look back period.By adjusting the schedule of when CAUV values are calculated, the Ohio Department of Taxation was able to cut the two-year lag period to one year. Therefore, lower crop prices, and potentially higher costs, will come into the formula more quickly and CAUV values will be more current. One consequence of this change is that county auditors will not receive the updated values until later in the year of reappraisal or update.CAPITALIZATION RATE – CAUV values are calculated by dividing the projected net income per acre by the capitalization rate for each of the 3500+ soil types in Ohio. A small change in the capitalization rate can have a big impact on CAUV values. For example, a $200 per acre net return divided by a capitalization rate of 6% results in a $3,333 value. If the capitalization rate increases to 7%, the same $200 per acre net return divided by 7% results in a $2,857 value. Low capitalization rates are good if you are borrowing money; they are not beneficial when calculating CAUV.The Ohio Department of Taxation adjusted the calculation of the capitalization rate to more accurately reflect current borrowing patterns. The capitalization rate is now based upon a ratio where 80% is considered debt and 20% is considered equity. This is compared to a 60/40 ratio used in prior years. Furthermore, the mortgage interest rate (which is the starting point of the capitalization rate calculation) is based on a 25-year fixed multi-flex rate for loans $25,000 or greater at Farm Credit Services. The prior years’ mortgage interest rate was based on a 15-year loan period.Although the capitalization rate used in the 2015 calculation went down from 7.5% in 2012 (the previous time CAUV was calculated for counties in this cycle) to 6.5% (contributing to the increase in CAUV values), the capitalization rate between 2014 and 2015 increased from 6.2% to 6.5%. As previously stated, higher capitalization rates contribute to lower CAUV values.WOODLAND VALUES – Woodland values have increased more dramatically than cropland values, especially if the woodland is located in a high-productivity geographic region. Woodland values are calculated by the same process used to calculate cropland values, with the additional step of subtracting the cost of drainage per acre (for Class I and II soils) and the cost of clearing the land per acre. Since the inception of the program, once the cropland value is determined, there has been a reduction in value for woodlands of $500 per acre for subsurface tile drainage for somewhat poorly drained, poorly drained, and very poorly drained soils. In addition, for 37 soil types, there has been a $250 per acre reduction for surface drainage. There is a $500 per acre reduction allowed for clearing the land for all soil types.What has occurred in recent years is that the calculation of cropland values is so high that, even with the aforementioned reductions, woodland values have been bumped from minimum value to a value similar to crop producing soils. This scenario is exacerbated if the woodland happens to be located in a high-productivity geographic region.The Ohio Department of Taxation has increased the reductions for woodland from $500 to $770 per acre for subsurface tile drainage in somewhat poorly drained, poorly drained, and very poorly drained soils; from $250 to $380 per acre for surface drainage in 37 soil types; and from $500 to $1,000 per acre for land clearing in all soil types.SUMMARYIf the trend of lower crop prices continues, couple with the changes to the formula made by the Ohio Department of Taxation, CAUV values will decrease in the future. Nobody likes paying taxes and it is hard to prepare for tax increases of 100% to 200%. But if CAUV landowners can swallow the bitter pill of paying higher property taxes through 2015, while receiving lower crop prices, the CAUV formula will work to decrease property taxes to more accurately reflect the farm economy. Think of it as a roller coaster with crop prices in the front car and CAUV values in the back car. Ultimately, the roller coaster ends up in the same place.last_img read more

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I was thinking about quitting Badminton last year, says Saina Nehwal

first_imgWorld Championship silver medallist shuttler Saina Nehwal feels her decision to change base to Bangalore under Vimal Kumar’s tutelage turned out to be a masterstroke as it helped her regain her game and prolong her career, which was in serious doubt last year.Saina reiterated that she contemplated quitting last year following a string of poor performances but Vimal came as a saviour and instilled confidence and self belief in her.Also read: SRK fan Saina wants to be the queen of Badminton “It really really helped (decision to shift to Bangalore) and everyone can see that. A lot has changed since then. I have changed as a person. As of now I have become World no. 1, won China and India Open, reached the finals of All England and World Championships. All these happened only as I moved to Bangalore,” Saina said after returning from World Championship in Jakarta, where she lost to Spain’s Carolina Marin in final.”It was a move from Hyderabad but I did it because I wanted to improve and I think it was a good decision. Vimal Sir’s influence is the biggest change. I really want to thank him for spending so much time with me in the court and making me believe everyday that I am a champion, I can be number one.Also read: ‘Saina is not mentally fragile'”Even physically I am feeling much better. It’s because, when you get personal attention you are naturally going to improve. The whole attention is on you. He is working on areas in which I am weak,” Saina pointed out.advertisementA year ago, things were not going according to plan and Saina thought of quitting badminton after last year’s World Championships following a series of defeats. But training under Vimal helped Saina rediscover herself.Thinking about quitting “I was thinking about quitting (last year) because I thought I was getting irritated with the kind of performances I was giving. I was not happy with the way I was playing. It was not happening, I was not finding out ways to win. It was getting challenging for me because I knew I was a world class player,” Saina said.”Losing without a fight was not me. That was not the Saina I knew and only because of that I felt ‘why push yourself like this’. That moment Vimal Sir joined the Uber Cup team after a long time. He worked on my game and I started winning games in Uber Cup and then I won the Australian Open.”Geared up for Rio Having created history by becoming the first Indian woman to enter the finals of the World Championship, Saina is now all geared up for next year’s Rio Olympics.”It’s (World Championship medal) one of the special medals because it is going to give me lot more confidence to be ready for the Olympics. That is for sure. Olympics will have the same players coming in. Olympics come every four years. It will be lot more pressure. But same kind of players will be there,” she said. This was the first time that Saina managed to clear the quarterfinal jinx and she said it came as a “big relief”.”A big relief coming out of that quarterfinal stage. Now when I play the big events, the only thing that will be in my mind is to win the tournament,” she said.You want to win Saina said she tired her best to win the final match.”Of course, when you reach finals, you want to win it.Even I wanted to do that. Sometimes, things does not fall in place. But I gave my best. I am very happy that I reached finals of two big events this year,” she said.”It was disappointing to lose in the finals. But I have to take the positive out of it.”Numero uno Despite the 16-21 19-21 loss in the final, Saina became the world’s numero uno shuttler.”I feel great. I am very happy that my performances are coming out well. The important thing is that I am able to give more medals to my country. It is a very proud moment for me.This will only help me to achieve many more good results in future,” Saina said.”I’m very happy that things are finally falling in place.With the kind of training I am doing results will come.”On the Spaniard Carolina Carolina seems to have become a thorn in the flesh for Saina as it is against the Spaniard that she lost in the final of the prestigious All England Championship earlier this year.advertisement”I gave a much better account of myself in the World Championship than the All England final. I fought till the end here. But I need to find some ways to beat her (Carolina). She is in very good form.”The next time when I play her again I am sure I will be much better than this time,” she said.last_img read more

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a month agoSouthend Utd set to pass on hiring Henrik Larsson

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Southend Utd set to pass on hiring Henrik Larssonby Paul Vegasa month agoSend to a friendShare the loveSouthend United are set to pass on hiring Henrik Larsson as new manager.The Swede’s lack of experience and tight purse strings at Roots Hall are reportedly to blame for the stall in negotiations with the ex-Manchester United, Barcelona and Celtic star.The 48-year-old was a guest of honour at Stadium MK as the Shrimpers recorded their first League win of the season on Saturday – a 1-0 win over MK Dons.Larsson resigned as Helsingborgs manager last month but his wage demands could be too high for Southend, says Sky Sports News.It is also claimed the club were apprehensive about Larsson’s lack of management experience in England. last_img read more

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Former Jharkhand Congress president Ajoy Kumar joins AAP

first_imgNew Delhi: Ex-IPS officer of Jharkhand cadre and former Jharkhand Congress president Ajoy Kumar joined Aam Admi Party (AAP) on Thursday in the presence of senior AAP leaders. This is seen as a significant move by the AAP party with the upcoming assembly elections round the corner.Kumar was welcomed into the party by Deputy CM Manish Sisodia and AAP chief spokesperson Saurabh Bharadwaj besides other AAP leaders. Welcoming him in the party, Deputy CM said that the move will not only strengthen AAP in upcoming assembly polls but will further help to strengthen the ideology for which AAP was formed. “We need people like Ajoy Kumar to change politics and make it meaningful for the common man,” said Sisodia. Also Read – Odd-Even: CM seeks transport dept’s views on exemption to women, two wheelers, CNG vehiclesIn 2014, Kumar joined Congress and in 2019 he switched to AAP. Kumar feels that AAP is the only party for the “aam aadmi” where anyone can join and work towards development. While upmarket connections and boatload of money may be a deciding factor for candidature in other parties it does not apply at AAP, he said. “There is no point talking about past allegiances, I want to look to the future wherein I feel comfortable and honest work is recognised. I want to be associated with a party that is honest in reality and delivers what it promises, unlike some parties that indulge in political faff about education, electricity, health, and safety,” said Kumar while joining the party. Also Read – More good air days in Delhi due to Centre’s steps: JavadekarCommenting on the recent Tabrez Ansari lynching case in Jharkhand, Kumar said, “These days it is not the rule of law but the law of the ruler. The police work in adherence to the present ruling party gauging what their take is on such events. Fear of being on the wrong side of events can have irreversible consequences and the police fall prey to that thought. An incident like lynching to happen in this century is an embarrassment for the country. If no action is taken on such events, then there is no hope for the country.”last_img read more

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Alloy of 8 Ancient craft

first_imgPukhuria wakes up to the sound of a bowl in the process of being made and not to the call of a rooster as is common with any average Indian village. It is an unsung and unheard-of village in Bankura district, roughly about 250 kilometres from Kolkata. It was a chance visit to the village on the day when Cyclone Fani hit the eastern coast that enlightened me to the existence of something as vivid and musical in a remote corner of West Bengal. My first encounter with these bowls was during a visit to Kalimpong a few years ago. These dainty musical bowls are a frequent sight in Buddhist shrines as well as Tibetan gift shops. But their strange existence and conception in this dowdy village was what caught my interest. Also Read – Hijacking Bapu’s legacyAs one walks through the narrow alleys of this village, s/he experiences a welcoming assortment of sounds and vibrations in the air. Since ancient times, a craft associated with the making of ashta dhatu (a mix of eight metals) utensils for religious offerings, weddings and other social ceremonies and even personal use, has existed in India. Eventually, the demand for these speciality bowls emerged. These bowls are reportedly used for meditative purposes and quite popular in treating ailments using music therapy. Their vibrations and resonance are claimed to soothe the surroundings and bring calmness to the body and soul. Also Read – The future is here!The commercial transactions of these bowls involve countries like Nepal, Japan and even distant Australia. However, the major chunk goes to Delhi and from there they begin their overseas journey. Despite these connections, the village seems way more content to keep a quiet profile, not preferring to harp on its claim to fame. The village The village has practised the craft reportedly for 150 years but its origin has not been historically documented. Till date, everything is done almost as was about all those years ago. There are roughly about 75 saals (workshops) in the village, with roughly 400 to 500 people directly associated with the singing bowl manufacturing. The craftsmen claim to have never been trained professionally but passed down the skills from their forefathers as a legacy. The village comprises of about 85 per cent karmakars (metal workers), the dominant community here. Each saal engages about 5-6 karigars (craftsmen). The master craftsman is known as the garandar, while the rest are the berandars. The bani (charges) varies on the basis of the category of the craftsmen involved, the garandar being the chief craftsman, bags about 55 per cent while the remaining 45 per cent is equally shared among the berandars. The bani can start from Rs 220 per kilogram (kg) and may increase, depending upon the quality of the alloy. Traditionally, the alloy comprised of eight metals (gold, silver, copper, lead, zinc, iron, tin, antimony or mercury) not only to improve the quality but also to uphold the purity and auspicious eminence of ashta dhatu in Hindu religious customs. The more precious the metals that go into the making of the alloy, the higher are the charges. However, in recent times, the alloy has shifted to a combination of copper and zinc oxide with a 4:1 ratio for economic and practical purposes. The bowls range in weight from 1.5 kg to about 15-20 kg, depending upon the purpose of their use. The process The raw material is brought in by the agents, which is then formed into the required alloy. The making of the bowl involves forming the blank, shaping it and giving it form, trimming, fine-tuning and finally polishing. Forming the bowl requires the craftsmen working in unison. There is one who continuously pedals, driving the lathe and the air to the furnace. Once the blank has been warmed in the oven, two of the craftsmen hold the hot blank on either side with iron tongs, one supporting the blank from falling off and the chief craftsman begins beating the blank out. The hammering of the blank towards making the bowl take the final desired shape is performed by three craftsmen. The bowl is then hammered to tune up and the edge is shaped up. The bowl is then cooled off rapidly which makes it ready for polishing. Internal finishing creates the evenness of tone. The final sound is tested by the agents through whom the finished items reach all over India and overseas. Every stage is significant and requires experienced coordination of the artisans that are painstakingly supervised by the chief craftsman. The making of these bowls provides money for the economy to run. However, a section of the newer generation is moving out of the village, which would make it difficult to continue the art form. A key challenge is the availability of coal and the metal for the alloys. The entire manufacturing process is sheer austerity. The day begins at around 5 o’clock in the morning and ends at 12 noon. Though the winters may be a bit lenient, one can only imagine summers, with the temperature soaring up to as high as 48 degrees Celsius, not to mention the incessant noise. The proximity to the fire, the complete manual labour and absolute lack of safety measures makes them vulnerable to respiratory disorders, ophthalmic accidents and even disfiguration. The state administration seems to have no inkling of the existence and the need for infrastructural and medical assistance to these craftsmen. Even though the problems exist, the manufacturing of these bowls have continued through ages and is fascinatingly being pursued by a fraction of the next generation. It is mainly due to the stable and lucrative financial returns that they assure. Amidst the sultry weather outside their saals, the heat of life and livelihood keeps the fire burning in the furnaces. Soaked in sweat and glazed in soot, they keep the fire burning and hammering the bowls relentlessly. Pukhuria certainly knows how to work in harmony. The village undoubtedly speaks the language of music and will hopefully continue to resonate and flourish musically forever. (The author is a faculty member at CAD Centre in Jadavpur University, Kolkata. The views expressed are strictly personal)last_img read more

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Turin Cristiano Ronaldo scored his first goal in

first_imgTurin: Cristiano Ronaldo scored his first goal in this season’s Champions League, sealing a 3-0 win for Juventus over Bayer Leverkusen in their Group D game in Turin on Tuesday. Ronaldo blasted in the third goal in the 89th minute to extend his record to 127 strikes in the competition to add to Gonzalo Higuain and Federico Bernardeschi’s earlier efforts. Juventus move top of Group D, level on four points with Atletico Madrid, who defeated Lokomotiv Moscow 2-0 in Russia. The Italian champions had been held 2-2 by the Spaniards at the Wanda Metropolitano in their opener. Also Read – We will push hard for Kabaddi”s inclusion in 2024 Olympics: Rijiju Leverkusen face an uphill battle after their shock 2-1 defeat at home against Lokomotiv Moscow and are rooted to the foot of the table. Juventus next host Lokomotiv and Leverkusen travel to Atletico on October 22. Maurizio Sarri opted for Higuain and Bernardeschi up front alongside five-time Ballon d’Or winner Ronaldo. Leverkusen were struggling from the outset after losing captain Lars Bender in the warm-up to a thigh problem, with defender Mitchell Weiser stepping in. Also Read – Djokovic to debut against Shapovalov at Shanghai Masters The Germans showed little to threaten the hosts, with Lucas Alario shooting over on three minutes with what would be their best chance of the game. The breakthrough came for Juventus when Leverkusen defender Jonathan Tah failed to head clear Juan Cuadrado’s long ball for Higuain, with the Argentine pouncing to drill home. The 31-year-old Higuain, back in Turin after loan spells at AC Milan and Chelsea, had a chance for a second on 38 minutes but was denied by Leverkusen goalkeeper Lukas Hradecky. Juventus piled on the pressure after the break as Ronaldo tried unsuccessfully to pull off an overhead kick in the 55th minute. Ronaldo then sent Higuain in behind, but although the Portuguese failed to connect with his teammate’s return pass, Bernardeschi was lurking to provide the finishing touch. Juventus almost had a third with Hradecky failing to control the ball and almost turning it into his own net before grappling to save on the line. But the Finnish international did well to deny Ronaldo in front of goal after a Higuain charge down the flank. Welsh international Aaron Ramsey was introduced in place of Bernardeschi with Dybala replacing Higuain for the final ten minutes. And in the dying minutes, substitute Rodrigo Bentancur picked out Dybala who slid the ball through for Ronaldo, allowing the 34-year-old to equal Real Madrid great Raul’s record of scoring against 33 different sides in the Champions League.last_img read more

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New Delhi Over a year after the lending major IL

first_imgNew Delhi: Over a year after the lending major IL&FS started defaulting on its commmercial papers and the massive corporate rot came to the fore, the cash balance of the group stands at over Rs 5,300 crore. The one year progress report of resolution and restructuring of crisis-hit group, released on October 1, said that the the board under Uday Kotak is building a “cash conservation culture” and has significantly increased the cash balance of the group. Also Read – Commercial vehicle sales to remain subdued in current fiscal: IcraHighlighting the increase in cash reserve, the report said: “Building cash conservation culture – significant increase. (As of) August 31, 2019 balance > Rs 5,300 crore.” There seems to be a major jump in cash reserves as, according to the balance sheet of the group for the financial year 2017-18, under its tainted previous board, its cash and cash equivalents stood at Rs 2,407.29 crore as of March 31, 2018. IL&FS, in its progress report, also said that it has expedited the recovery of loans made to non-IL&FS group entities and so far Rs 1,200 crore has been recovered from such firms. It has rationalised its expenditure and its wage bill has reduced by 45 per cent. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 daysIt further said that resolution plans for all its 302 entities are ready and so far, debts of Rs 36,400 crore have been addressed. Three entities with a total debt of Rs 5,100 crore have been successfully restructured, the progress report mentioned. The group and its entities have a total external debt of Rs 94,216 crore. Speaking to the media here on Tuesday, the Non-Executive Chairman of IL&FS said that the board is confident on restructuring or resolving 50 per cent of the total debt. “We should be able to recover, restructure and/or resolve… which includes green companies as well… We believe that we should be above the 50 per cent mark… We are quite confident that we should cross 50 per cent based on our best estimates and judgements,” Kotak said. Public process has been launched for 65 entities including 54 domestic and 11 international entities and the public process for 11 others will be launched soon. Regarding the challenges in the asset monetisation process, the presentation said that large number of simultaneous processes, lack of centralized database, delay in audited accounts are among the major challenges. It also described the external economic environment as a challenge. It also mentioned the ‘coercive” creditor actions such as auto debit, and non-creation of FDs in contravention of court orders and said that a formal appr oval for resolution framework is awaited. It said that the new board has navigated through complexity and developed resolution plan for all 302 entities and the going concern status has been maintained to preserve value for all stake-holders. The board has formulated a unique resolution framework to balance interests of all stake-holders, it added.last_img read more